I have been doing a little work on $ENPH today.
This blue line is significant at $114, the price has held support here 3 times already and this will be the 4th attempt.
$ENPH is also 1 of only 5 companies in the S&P 500 that is down more than 30% from its 200 SMA, its RSI is also at 23.....so we have a very oversold stock right here.
Fundamentals look strong, with a very healthy profit margin.
Needs to find support now on this blue line.
bobby
2023-08-27 03:30:29 +0000 UTC