Enphase Energys stock price (ENPH) kept falling in the intraday levels, amid negative signals from the RSI while seeking a bottom to bounce it higher again, as it leaned on the support of the 50-day SMA, amid the dominance of the upward correctional trend in the short term.

Therefore we expect the stock to return higher, targeting the pivotal and stubborn resistance of $139.65, provided the support of $115.15 holds on.

Trend forecast: Likely Bullish