$ENPH - RC -
Added 2023-08-07 18:40:15 +0000 UTCIs starting to get into trouble now.
It has not held the last (white) Fib level at 0.887 - $138. So it's last attempt to hold this structure is to try and hold at the blue line which was the previous low at $113.
This has been on a brutal descent all year from $340.
It's a very popular stock on line and after a quick review of their fundamentals, I can see why, their margins are pretty incredible.
So it needs to find support now and I believe this can be turned around then. The Blue line is where I would be watching for now....below this is the danger area.
Comments
Looking pretty good today, hopefully this is a turnaround on one of my favorite stocks!
erich smith
2023-08-09 15:38:13 +0000 UTC
