Enphase Energy - ENH (MAGS) - Long
Looks like Enphase is reaching a Wyckoff accumulation phase with channel resistance helping to direct price into the accumulation schematic.
Spring could bounce off resistance turned into support.
Price to seek imbalance at the gap around 0.618/golden fib zone.
This target zone coincides with a line of best fit/trend line through Daily price chart
Spring could bounce off resistance turned into support.
Price to seek imbalance at the gap around 0.618/golden fib zone.
This target zone coincides with a line of best fit/trend line through Daily price chart
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.