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PaperBozz
Aug 9, 2023 5:24 PM

$ENPH - Could start a consolidation 

NASDAQ:ENPH1D
Enphase Energy, Inc.NASDAQ

Description

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NASDAQ:ENPH Looks like $133 is providing some support. $133 is a fib ext. as well as a stair step measured move. So it should be a decent support.

It could potentially consolidate between, $133 and $160. If $133 breaks, next support is $120.
Chart Patterns
Comments
FiboTrader1
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very similar to what I'm expecting. I think we get a bounce to 156, then eventually hit 106
PaperBozz
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@FiboTrader1, $133 is a fairly strong support so is $120. But breaking below $120 the stock doesn't have much support until $106 - 100 congestion area.
FiboTrader1
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@PaperBozz sorry $116, not 106
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