May. 17 at 8:54 PM
$ENPH that move last week was a clean breakout + momentum extension — and missing it is part of the game, happens to everyone.
Structurally, price broke both the wedge and the
$40.50 level, then ran straight into major historical resistance around
$52.93 — a level that’s acted as a pivot multiple times across 2025.
Now the setup is pretty binary here:
Either it digests after being ~38% above EMA20 + overbought stoch RSI
Or it pushes through resistance and enters a new leg toward
$58–
$59 zone (100-week SMA + prior supply cluster)
Supports are layered lower at
$50.83 and
$46.87, but momentum is clearly stretched in the short term.
This is one of those spots where continuation depends less on setup… and more on whether buyers are still aggressive at highs.
Follow me 👉@ChipDistribution7 for real-time updates and everything. Let’s make moves!
