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Inside Day for Enphase (ENPH) Ahead of Downtrend Breakout

Inside Day for Enphase (ENPH) Ahead of Downtrend Breakout

by | May 5, 2022 | Chart SetUps

Enphase Energy (ENPH) inside day on Thursday and positioned much better than others recently with shares holding up well above its 8-, 21- and 55-EMA. ENPH is nearing a downtrend breakout above the $210 level and room to run to $250. Shares are forming a series of higher lows since January and MACD with a bullish crossover this week setting up for an extended run.