Feb. 8 at 10:04 AM
$ENPH Daily vs Weekly — Trend Reversal Brewing?
If this is helpful to you, tap @NasdaqKnight
I called potential long-term trend flip amid retail skepticism — and price action is starting to show it. After earnings volatility, ENPH has been carving higher support and bouncing off key levels as buyers step in. Recent moves + analyst lift in price targets (Roth MKM to
$55, TD Cowen to
$40, Citi higher too) add fuel.
The real technical edge: monthly support near ~
$35.45 — as long as ENPH keeps closes above that level, the multi‑period reversal stays intact. Break below it and all the motion since Q4 looks vulnerable. Big picture = trend test zone, not trend death.
Daily RSI & volume tell the story too — oversold conditions clearing and heavy tape showing conviction. But weekly structure still needs follow‑through above recent swing highs to confirm trend flip.
