Enphase Energy backs off historic highs - Analysis - 07-12-2022

Enphase Energy's stock (ENPH) skidded in the intraday levels away from historoc highs at 339.92, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, with positive signals from the RSI, while gathering positive momentum to rise anew. 

Therefore we expect the stock to return higher, targeting the resistance of 380.95, provided the pivotal resistance of 324.84 was breached. 

Expected trend for today: Bullish