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Enphase Energy Inc (ENPH) “On a long-term technical basis, the stock (ENPH) is trading above its 200-day moving average which implies it is in a positive trend.
The stock has support at 38.26 and 35.42. If the stock breaks down through support at 38.26 then it will probably continue lower to 35.42. The stock will meet resistance at 57.63 and 60.69. If the stock breaks up through resistance at 57.63 then it will probably continue higher to 60.69. The 200-day moving average is at 24.19. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (92.84), so look for a possible pullback soon. Confirm this with the Short-Term and Daily Opinion to keep from exiting prematurely.”
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