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Three Rejections for ENPH in the Green Zone

ENPH has been trying to form a bullish breakout above $137.41, but has faced three rejections in the green zone so far. I would be cautious for a selloff after so many rejections. If the price does hold I would monitor for a fourth attempt to break above the green zone with $137.41 as a key target that needs to break. For now I would be cautious since ENPH is trending down after a third rejection, but maybe there could be some bullish momentum in July to help ENPH start a rally.

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