Enzolytics Inc (ENZC)

[foxi]

Technical reasons it might reach $0.15 this week:

(All chart candles are daily!)


https://ibb.co/KbkTyDD

^ Trading is trapped in a tight triangle and only getting tighter. It'll reach a breaking point and do something new.



https://ibb.co/bKZczpM

^ For the very first time since the bear run in March, the 9 day moving average is about to cross above the 20 day. That crossover would be a bullish indicator.



https://ibb.co/KFv3775

^ Bollinger bands are getting extremely narrow, as they typically do prior to a breakout and new major trend. (Look at how narrow they were in November and January right before major movement. Think of a spring coiling tight, about to rebound in a burst of energy.)



Other technical indicators suggest that we have reached a strong support level, which should prevent the price from falling down another support level. Additionally, there's been nothing but good news from ENZC. So I think it'll break out upwards.

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Path to $0.15: Thursday the 9 day moving average should hopefully finish crossing the 20. That would break it out the top of the triangle (or nearly so!) and one of several things might happen:

- It breaks straight through the middle and top bollinger lines and rushes to meet the 50 day moving average at about $0.16. That would probably position us for a very strong Friday.
- It crosses over the middle bollinger line but gets trapped against the top of the triangle (around $0.14). That sets it up to hopefully break out of both the bollinger and the triangle on Friday, or close lower Friday and break out Monday/Tuesday next week on the second test of the bollinger high band.

Any big news over the weekend would greatly amplify the breakout.

Very excited to see what happens!! :)