ENPH bullish setup
Enphase has a presented a solid bullish setup with 2 impulsive moves that retraced to their respective 0.618 fib level, and a breakout of the descending trendline.
A long can be taken now with a stop loss at $68.50 and price targets at $90, $100 and $115, the last being the mid point of the large consolidation range on the monthly timeframe.
A long can be taken now with a stop loss at $68.50 and price targets at $90, $100 and $115, the last being the mid point of the large consolidation range on the monthly timeframe.
Trade closed: stop reached
Price has broken back below $68.50 so this trade has been invalidated. However, should price find support around $65 it may still turn around and hold the 18 Nov low.
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