Hello fellas!
Curious about Enphase at these levels. A lot of steam has been blown away from the highs last year, and we are closing the fibonacci level of 61,8 which to me is veeery intriguing. Daily MACD seems to be also recovering from the lows, supporting the thesis for long position. Daily 100EMA is also supporting the price action.
I set the stop loss at exact 200 USD, with a risk/reward of 5. A lot of great potential here!
Thanks for reading, have a great day!
Curious about Enphase at these levels. A lot of steam has been blown away from the highs last year, and we are closing the fibonacci level of 61,8 which to me is veeery intriguing. Daily MACD seems to be also recovering from the lows, supporting the thesis for long position. Daily 100EMA is also supporting the price action.
I set the stop loss at exact 200 USD, with a risk/reward of 5. A lot of great potential here!
Thanks for reading, have a great day!