Enphase Energy (ENPH) | Approaching a Strong Support!

NASDAQ:ENPH   Enphase Energy, Inc

Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of its revenue from the United States.

Technical criteria point out that $165 - $200 can produce a short-term rejection:
1. Previously worked resistance area becomes support.
2. Round number $200 has played a lot of role in the history of PA.
3. The clean trendline, drawn from the bodies, adds strength to the possible buying zone.
4. The bottom of the range, around $165, is the last criterion that can push the price up and which has a lot of power to produce some reversals and it is the simple 50% drop from ATH.

Do your homework, do your fundamentals, and if this matching with my TA then you are ready to go. Green light from both analyses is needed!



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