ENPH

I alerted this ticker for puts early last week, the momentum was moving too quick to get the write up out in time. However ticker still has room down to the price target. The reason why I am still doing the write up on this ticker is because it still provides opportunity.

• Ticker broke the monthly BF and a retest and rejection of that level would be the entry for further downside target.
• A weekly actionable signal down would also be the buy in for price target of $226.66 $199.93
• Now here's why I still like this ticker although I’m up 50% on it already. We still have room down to the .618 that would be a nice buy spot for a reversal back up to test levels this ticker did not test before dropping.
• If this ticker do not reverse from that level and break, then you can also hold or rebuy position to ride this down to bottom of BF.

• $226.66 $199.93
• A break of $199.93 will send this to the bottom of the Quarterly BF

ENPH has hit first Quarterly Price Target and now in a reversal weekly pattern for price target 2.