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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $ENPH

Case 104 #Enphase Energy Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

Thread 👇👇👇

#ENPH 1/4
Chart 1
Weekly Chart: Enphase recorded a new all time high of 35.42 in August 2019 stalling exactly at the rising #trendline resistance. It has since then corrected .....

ENPH 2/4
..... lower touching trendline #support with the SMA 50 slightly below. The uptrend is intact and price has reclaimed the #SMA 20. The long term objective remains 50.90-51.45.

ENPH 3/4
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#SMA #trendline #Enphase #NASDAQ #support #Strategy #ENPH

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