1
ENPH stock price is heading toward $100, showing bearishness on the charts.
2
Buyers have lost momentum and failed to rebound in the past sessions.
Enphase Energy (NASDAQ: ENPH) ENPH stock price was in an uptrend. It has ost the initial gains and retraced toward the swing lows of $100. Furthermore, the chart showcased the falling channel, and ENPH stock persisted in forming lower lows and erased the gains. Moreover, the price action favors the bears and indicates a massive short buildup activity, leading to bearishness for the past months. However, ENPH stock price is close to the crucial support zone of $110, which needs to be protected for attempting a rebound. If not, it will lead to retest $100.
Furthermore, the ENPH stock chart structure was destroyed and did not indicate any signs of a healthy comeback, whereas bulls might attempt a rebound to retest the 20-day EMA near $125. As per the options chain, at the strike price of $120, a massive open i
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