While the previous swing long setup gave a bounce of around 28% price have now retraced back to the entry zone. Few setups to look for here. Liquidity grab of the previous low sitting at 29.89. The HTF negative 618 sitting at 28.5. However for sign of strength ENPH needs to close monthly candle above 32.36. The conservative approach would be to wait for ENPH to close a weekly candle above the ATH above 37.5 in the future. Should that occur look to buy pullbacks with 52ish being the target and 100-130 being a major HTF target.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
