The test for the immediate future will be to see if ENPH can hold its price above the resistance line formed from June 27 and Dec. 4 highs. The RSX says it's moved into oversold territory, but historically ENPH has shown the ability to push the RSX much higher than 70. I'm watching the DPMO crossover closely on the daily chart. If it stays green a few more days, I think this run has serious legs. The EMA20 crossed above SMA50 on the daily, which is encouraging. Next hurdle is 6.34, then we could see a rapid climb over 7.00. If it drops back below the old resistance line, look for a pullback near SMA50 (turquoise blue line on the chart).
