Enphase Energys stock price (ENPH) fell in the intraday levels, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, targeting the first support at $106.50, provided the resistance of $124.80 holds on.
Trend forecast: Bearish