I've been watching ENPH for a couple of months. Recent retracement has been encouraging but there's been significant consolidation the last few days between 4.80 and 5.00. A very large percentage of the float has been shorted. Jurik indicators show rising RSX (smoothed RSI) and that the negative VEL (MOM) has been eliminated. The squeeze is on and ENPH is poised to move drastically - the question is, which direction?
I'm betting on another upward climb. It could be today or consolidation could continue into next week. I could also be completely wrong - especially so if the technical indicators are being skewed by market manipulation of those who heavily shorted this stock. What you need to watch for is volume - I believe that the first significant uptick in volume will release the squeeze and light the powder keg.