Technical Analysis on Enphase Energy Inc. (ENPH)

Wednesday, April 19th, 2023

In this Wicked Stocks video analysis, we show Enphase Energy Inc. (ENPH) presently trading above a key area of resistance in the low 220.00's. If a weekly settlement above this level of resistance occurs, (ENPH) enters into a buy-signal where gains of 20% can be expected over the following 2-3 months. Inversely, failing to close above elicited resistance would allow (ENPH) to fall back to long-term channel support, giving back gains of 20% over the following 1-2 months.

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