ENPH looks ready to make a move to the upside. Tweezer bottom reversal pattern with bounce off trendline verified today, RSI curled upward, Increased volume and MACD ready to turn green next week. Looking for $168-$172 in the next 1-2 weeks followed by $180 shortly after.
Comment:
Minor setback from the ridiculous market sell off that we had. Overall ENPH held up nicely. Bottom of the demand zone was hit which gave a better entry point. Engulfing candle today and reclaimed trendline.
Comment:
$180 target price hit!