Enphase Energy, Inc.
Long
Updated

Bullish- long play

490
ENPH has gotten relatively beaten down and taken a much-needed pullback. However, has held up fairly well amidst all of the intraday volatility in the markets and is now is back above its 200day SMA where it has previously found support. Needs to hold above the 200day SMA. Additionally, does look like a fishhook pattern forming, and am looking for ENPH to fill the gap circa 153-167. Bullish
PT1- $152.99
PT2- $169.10
Note
Price Target 1 Reached
Trade closed: target reached
Gap Filled
Note
Bullish- long play

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