ENPH Short the Trend

BATS:ENPH   Enphase Energy, Inc.
1) Targets:
#1 TP - $94
#2 TP - $75
#3 TP - $36
#4 TP - $14
#5 TP - $7
#6 TP - $2

2) Revenues are falling due to current conditions in solar industry. Look at peer companies (either layoffs or reorganizations). Most of the analysts revised targets downward.

3) We are in downtrend. Don't fight it, just follow it. As of now there are no indications of trend reversal.

4) RR 1:3 apply. Accept if you are wrong.

5) Trading below 200/50 averages.

Do your own analysis before making trading decisions. These are just my thoughts and not trading/investment recommendations.

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