Continuing Bear Trend for ENPH

٢٨ أبريل

After forming an ascending triangle ENPH made a lower high and broke the upward sloping support. After the break, it followed through with a back test of what was once support, turned into resistance. These are signs that the trend will continue to be bearish or sideways at best. the target is 73.71USD where it pivoted to make the previous local bottom.