Protect your money, and be careful. Deep correction is likely!

$Enphase Energy (ENPH.US)$ Fundamentals, Sentiment, Trend, are negative with this Valuation which is on the extreem higher side. Protect your money. This stock is super expensive. it can correct 70% from the current level. There are two EV charging stocks with good valuation with better prospects. I don't want to take the risk of burning my money after buying at such an expensive price. I shall wait for my target $30. any price above $30 will be expensive for me. The risk reward ratio will be only favorable around my target price.

My research and analysis are not advice or recommendations. It's for information and knowledge purposes only. Any research , analysis, information, or other material received should not be construed as individualized investment advice. Investment decisions should be made as part of financial goal, risk appetite, duration, etc for your overall portfolio strategy, and you should consult with a professional financial advisor, legal and tax advisor prior to making any investment decision.