ENPH basing for a move towards the consolidation range above?

Pembelian

Enphase Energy, Inc. (NASDAQ:ENPH)

NASDAQ:ENPH Enphase Energy, Inc.

supportandresistance parallelchannel movingaverage enph enphase enphlong reversalpattern

ENPH has broken out of a downwards channel, retested it, formed a series of higher highs and higher lows and is currently basing above rising 10 and 20 MA's at a flattening 50 MA.

This bullish price action, combined with the volume analysis indicates that there is a high probability for price to revisit the higher consolidation range to retest the well established resistance level al 230.50 ish.

All info is on the chart.

NQdecipher

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