$ENPH
Added 2024-06-18 09:00:05 +0000 UTC$ENPH third attempt at the ascending triangle top line at $138 was also met with resistance and has pulled back again to the 50 Day MA for support and has so far held, we want to see this level held and strength built up again before attempting to move back up to the breakout level again at $138.
Traders are probably enjoying this tight movement in this triangle too, as long as the price action stays within this triangle, the bulls are in control. We can also see that the the price action can stay within this formation to the next earnings in August too, which may be the catalyst they need to go higher!
Comments
Cap, the technicals look great on ENPH, but the fundamentals are horrible. How do you weight the two when making an investment decision?
Andrew Kurtz
2024-06-18 12:00:34 +0000 UTC
