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Morning pump, end of day dump on the dead cat bounce. Could go places tomorrow if the market rejects the dump. Mega volume day but all the buy volume was matched by sell volume.
I'm not holding breath for news because MMs are methodically doing this to all the tickers with similar charts. But maybe this one'll be different!
Speculation isn't necessarily deception. The article covers a lot of bases and gives readers plenty of paths to explore on their own. It's an interesting read and shouldn't be suppressed.
That quote "Anything that promotes the activation of the “Furin protein” within the body will promote cleavage and activation of the “spike protein” either produced through vaccination or natural infection by the SARS-CoV-2 virus bioweapon." is something I'd like to see citations for, with or without the "NWO" and "bioweapon" buzzwords. But it's enough to start a reader searching!
Remember all the "nutjobs" who nailed it that "two weeks to flatten the curve" was the start and not end of lockdowns? Or the "nutjobs" who warned us that vaccine id would prevent citizens from participating in society? Or the "nutjobs" who claimed Fauci was in fact involved in Wuhan gain of function research? :P
People do conspire, it's human nature.
An article like that Civilian Intelligence Network piece should be evaluated on its own merits, not dismissed without question for being an unusual source.
That article failing to cite support for key claims, and making some unsupported logical leaps, undermines its own credibility. But it still has a ring of truth to it and raises interesting questions. Is ENZC being held down by powerful conspirators? Is ENZC otherwise unwilling or unable to rise above the opposition while holding the literal cure for HIV and now covid for 32 years? What gives?
Hoping things'll get moving soon. If the company's on the up-and-up, the market opportunity is now!
Well the implication is they'll keep sitting on it, yes? The article suggested a connection with Cotropia, Fauci and other players in the NWO, and noted:
1989—that’s thirty two years ago. So, if CLONE 3 looked good to Fauci so early in the AIDS epidemic, and if it worked against a whopping ninety-eight percent of HIV strains, why then has it been shelved by our government? Is Big Pharma making so much money from AIDS drugs that the government itself has turned a blind eye?
Very strange article! Thanks for sharing.
It's full of conspiracy theories and uncited medical interpretation, but provides a lot of jump-off points for further exploration. People do conspire, so not all conspiracy theories are to be instantly dismissed. I disagree with the author's take that natural immunity is a form of "Controlled Opposition" with no advantage over taking the mRNA vaccines, but it's an interesting thought that neither approach might avoid the long term side effects of covid as a bioweapon.
What’s curious about Joseph Cotropias’ monoclonal antibody “Clone 3” research is that it was once funded by Fauci’s NIH and this company has sat on the “cure” since 1989
Volume weighted MACD is hard to read! Regular MACD shows upcoming momentum shifts regardless of volume. Investors often wait to see if there's an emerging trend before buying the breakout, so volume might be low for some tickers until price is already moving.
Glad it helped!
I'll try to do future charts with the studies zoomed in a bit. :) But what's most important is the gist or overall shapes. Price was below the high volume node, there's way too much red (sell volume) in Buy Sell Pressure, and not much of an uptick in Accumulation Distribution.
Accumulation Distribution and Volume Zone Oscillator are standard studies in TD Ameritrade's Thinkorswim software, and Buy Sell Pressure is an indie script that rolls up various standard metrics into a more intuitive visual format. Buy Sell Pressure comes from here and I don't remember which of the (5 pages of) source scripts I'm using since it's been a few months. :P
The 'better plays' I mentioned are typically any stock that's pink current or higher with a MACD about to crossover on the weekly chart. Crossover for MACD means the fast moving average crosses the slow from below, resulting in green ticks on MACD. You can grab your favorite watch list or run a market scanner to find plays. Once you have a few candidates, do your DD to make sure they're not scams. Feel free to snoop in my post history to get an idea what I've been trading.
Good luck!
Price jumped way up in premarket trading on 10/14 as investors reacted bullishly to news. That left a gap where the closing price and the opening price didn't match up. A much smaller gap occurred on 10/18.
Usually the market tries to fill in the missing volume around such gaps to help establish where the support and resistance levels are.
Also, the recent high was a 100% gain for a lot of folks. Great time to take profit.
There's another metric on my chart called Volume Zone Oscillator. It shows how far out of the 'neutral zone' bears and bulls are willing to trade. There's a clear shift into bull territory since 10/13. The Nasdaq uplisting opens the door to investors who trade on apps like Webull and Robinhood, and others who won't touch OTC stocks. Watch for strong buy volume tomorrow if new investors are interested in the company. (If instead we see a selloff, this'll likely dip to as low as $3.15 to fill in that gap)
Good analysis, thanks.
According to this, the 180-day high volume node (point of control) is .005, which is also now a resistance level since the market's trading under. There was excellent buy volume at the start of the run on 9/14 and almost all of that looks to have been flipped at the highs. Then nonstop sell volume through about 10/4 as the company diluted.
The 'Buy Sell Pressure' metric stacks red and green volume bars to show total volume as percent buy and sell. It provides a bit more information than the standard blank volume bars.
That 'Volume Zone Oscillator' shows how far traders are willing to spend outside of the 'neutral zone', you can see that after 10/4 the sell volume disappears and the oscillator shows a more neutral pattern.
What's key here is that nobody is loading at these levels, according to Accumulation Distribution and the tiny daily volume we've been seeing at this level. I interpret those patterns to mean people are put off by this company and will only invest new dollars when there's actual news and they see an ongoing breakout, and that most new investors will be flippers unless something fundamentally changes - ie the next run will be short lived and any gains aren't going to hold. Maybe Fungy will be that fundamental change if it brings real revenue and stops the company from diluting? Who knows.
PSRU is still on my watchlist. It's a good chart setup for buy-the-breakout or a risky gamble and news flip, but otherwise there are healthier tickers to explore. I tried averaging down for a few weeks but opted to take advantage of better plays since the rest of the market has some winners. 5,000,000,000 (!) authorized shares with a 4.7 million market cap is a pretty good gauge of company value -- if I did the math right that means fair value might be as low as 0.00094 per share. And they'll absolutely need a sizeable reverse split to go anywhere beyond Pink current.
GLTA
The NFT offerings look decent if they can deliver on Fungy. If NFTs are here to stay (hot space rn) it's hard to argue with the marketability of basketball and the Cinevision movie stars.
The problem is the obscenely aggressive dilution. It's hard to know if this is the bottom. Fungy launch is past due & all we've got is a landing page and promises so far. Raises some scam flags.
If this isn't a scam, buying at current prices will probably pay off when news drops, even if it loses some value first.
NGL it's a lot less attractive after all the dumping. The Fungy launch news (overdue, no?) will give it a brief pop.
This is now testing the bollinger bottom band on the weekly chart. Obviously a breakdown from here takes it to .0001 but it needs a full candle next week to confirm whether the market will reject the low. Other indicators suggest it could reverse - Accumulation is only increasing since May to the tune of 13-22 billion shares.
Looks like there's dilution: Accumulation Distribution on a daily chart shows there are now 80 million more shares distributed than when this traded at lower prices back in July. In a healthy stock with no dilution you'd see AccDist rise with price, and rise with flat trading as investors loaded. Either the company is heavily diluting, the shareholders don't believe in the company and are letting go of mass amounts of shares, or MMs are shorting it to death.
I suspect the former, the company probably has its hand in the cookie jar figuring that shareholder value will return eventually with all the JadiCell news. Some dilution is okay as a company needs to raise operating cash and this prevents doing so through other methods. To me, the continuous distribution suggests that the company is being aggressive and greedy, makes me want to flip only and not hold long. To be fair, bio R&D takes a ton of cash.
Daily chart also shows a steeply falling wedge. Profit targets are .070, .093 and .126 whenever it breaks out. :) Should stop falling soon since RSI is oversold in breakdown.
That tweet was from the 14th when price was around .029, on the 15th somebody unloaded 6.6 mil shares around .0335
I think the original buy was back around the 11th at about .024, quick pump and dump onto twitter follows.
This goes parabolic with news, else it's coming down soon due to net selling. Or does it go parabolic without news, because cult following? :)
90 days* lol
Not 180, my bad. The charts show the timeframe in the top left corner.
You're welcome! Something I should add, I've been using Volume Profile and gap analysis to make profitable trades for awhile. But the volume rollup & gap identification changes depending on what timeframe I measure!
Here I've included a chart measuring Jan 1 2021 to present. It shows a different point of control and different gaps in the volume rollup. This is because the longer timeframe includes historic volume before and after ENZC's big run in January. The earlier chart only measured the last 180 days.
In my opinion, if trading has bounced around in whatever range for a few months, historic volume has less meaning, though it shouldn't be completely ignored. ie the market has accepted and rejected different levels in the 180 day range multiple times regardless of the older patterns established under different catalysts and market conditions. That's why I usually measure with a 180-day timeframe and more or less ignore the past. I'm a swing trader so this makes sense.
BUT if ENZC is almost ready to make a bigger move up as part of a longer term trend, say to move closer to a dollar than a dime, historic volume DOES matter. In that case, the chart I've included here shows the biggest nearest gap to be .153, and it may not even need filling. There are well-established levels at .12, .126, .168, .19 already and the bulk of uncharted territory is at higher prices.
I added two red lines to show how short term trading might actually be trapped in a side channel. If that's the case, Friday was near the low and the next stop should be .177-.200 again. This is supported by strong buy volume both times at prices near the lower red line. ie that could be a loading zone in this side channel. Flipper's paradise. :)
I guess we'll know Monday! If this is in a side channel I would expect to see it dip first and then strong buy volume swoop in to scoop up the day's cheapies for a close within the channel - the rejected dip would help fill that gap around .153 as rallying bulls snatched up bears' shares.
End of week charts pack!
If you don't like charts or don't agree this is chartable, just ignore this post. :) I do these packets for myself since I have real dollars tied up in this stock. May as well share in case others could benefit. (Or point out stuff I overlooked!)
You can save these out and flip between them to show or hide the commentary.
GLTA
Daily with commentary:
Daily volume analysis with commentary:
Blank charts:
I think you're right, and yes we'd need high volume days like that to know for sure.
I imagine a smaller group of longs who bought in the trips hold the highest per capita in retail shares. If these longs were bearish and liquidating, there'd be significant sell pressure due to the number of shares I assume they've inventoried. We HAVE seen significant downward pressure between June and September, so I bet there was a period of longs letting go of shares that temporarily increased the float, leaving more for others to buy.
If longs from the trips are taking profits now, say after achieving their 1y with a more favorable tax rate, this could also provide a steady trickle of shares to help leave the float nearer to status quo. Seems like they'd hold anyway if this is trending up at all. Retail players like me who entered in the dimes aren't going to have as much sway whether we hold or flip since our share hoard is orders of magnitude smaller. I'd like to think that all the newcomers are buying and holding but the reality is that's too expensive for many traders, with the rest of the market heating up.
Institutional investors can lock up way more shares than retail almost any day. I'd think if they're accumulating we'd see a slow uptrend and steady increase in buying pressure due to a diminishing supply of shares. And indeed, that's what the charts are suggesting for now! :)
Have a nice weekend!
Thanks for sharing your observations! Sounds like you've taken a comprehensive look thru posts, financials & news, and considered a lot of the catalysts. kudos! :)
Imo ENZC is positioned pretty well to support bigger moves whenever they get closer to production. They claim they've identified conserved immutable target sites for a couple dozen major diseases, any of which could be further developed into profitable business. ENZC also seems to have a lot of pro connections, including Intel and Samsung. Worth keeping on your watch list for later!
News flow is important. Cashflow is important. There are still clinical trials & growing pains that must happen between now and market. I see a lot of replies playing to FOMO. Imo this stock won't get news that'll take it straight to its old high instantly; there'll be a chance to buy in and ride the wave with the rest of the buy volume. Longs who've been holding since the trips have virtually no risk and will be most vocal during an uptick. People willing to take an entry now might make bigger profits if this trends up, but they're also staying exposed to all the risk if it doesn't. (And missing other plays while their money stays illiquid.) Holding some shares to split the difference seems pretty solid.
GLTY/GLTA
Bounced off the 4h bollinger bottom boundary and is now retesting the midline at .97, MACD on every chart from 1 min to 1 day is green. Volume was 27% compared to the 30-day average.
On the daily, today's candle stopped even with the 9 day moving average, coming from the bottom. Tomorrow and Friday are critical for this stock as it'll either cross above and build momentum or bounce down since the 9MA is resistance now.
A sustained run from here would confirm a double bottom and a longer term reversal. There was a huge volume uptick from .69 on what I'm still considering the dead cat bounce. IMO a sustained run would require new investment money and people willing to hold, which seems improbable given the dilution signals and lack of news catalyst.
Instead, indications are it'll bounce down because of the anomaly in Accumulation/Distribution which shows -2.61M at the low of .69 compared to -7.41M today at .95, this implies extreme shorting or dilution as many more shares have been let go while price has remained flat. (Supply and demand; supply greatly exceeds demand.)
GLTA
https://www.investopedia.com/terms/d/doublebottom.asp
NASDAQ listing requirements:
What are the rules to be listed on NASDAQ? To be listed on the NASDAQ exchange and reporting system, the following requirements:
Shareholders Equity of at least $2,000,000
At least 100,000 shares of public float
A minimum of 300+ shareholders
Total assets of $4,000,000
At least two market makers
$3 minimum bid price of the company stock
Public float market value of $1,000,000
Agreed, it's threatening breakdown on the bottom band of the hourly and 4h. Sometimes they bounce back the next day if the market rejects price going lower.
BUT:
Look at accumulation distribution in this hourly chart. No one's been accumulating, it's actually lower than AccDist at the previous low of .69 -- so, no support, looks like the bottom's about to fall out unless bulls pull off a surprise rally. One caveat is RSI's still in range to support a rally. (32 could be the bottom based on RSI higher lows.)
If it doesn't bounce tomorrow, it'll crash and eventually test the boundary of the bottom band on the daily. That's currently .09
Hourly chart, blue line is 200 MA
Right on, you do you. That doesn't invalidate other strategies.
Hopefully we all make bank tomorrow. :)
MMs or somebody with deeper pockets looks to be flipping it. 50 mil buy volume between .0030 and .0032 today to stop the slippage. At .0030 it's only $150k value so maybe it's just a retail whale. Wouldn't surprise me if this ends green tomorrow.
GLTA
It's straightforward when the setup is there. The goal is to find an entry with lowest risk and a decent chance of reward, bonus points for trading a more reputable company. Some setups run and some wash.
If you're investing on impulse only, you're just gambling.
I'm excited to see TOMDF get such high buy volume today! :) Until investors let go of those shares or short volume increases dramatically, there's a pretty huge net buy. It's important to monitor volume carefully in case dilution happens from the company side.
Right, so I bought the bottom of that falling wedge just by luck. lol
Nobody knows the future. News trumps charts. Technical analysis is a tool just like DD, L2 data, etc. All to help an investor mitigate risk and stay as informed as possible.
GLTY
Hopefully end of day was a bear trap, to shake out the last of the cheapies. It needs to bounce or find support on the hourly MACD tomorrow morning or it's looking to be a long way down.
The low today was .83 which is a lot closer to the earlier low of .69. If it finds support soon, the new level is close enough to serve as a double-bottom which would help confirm a subsequent run as reversal of the long term bear trend toward more bullish territory.
Today saw a volume uptick but 86% of volume was selling. Yikes!
I've heard it said they use an algorithm that attempts to handle intraday shorts, to mitigate the risk they faced with short squeezes on stocks like Gamestop. The computers ladder short sells and market sells to drive down price, then they cover intraday for a small profit, leaving things reset at end of day so they can continue tomorrow or avert if there's news. I'll have to dig around to find the links but the strategy makes sense to me.
With this approach they've allegedly been able to short the whole OTC without onloading any risk. If it's true, it's blatant market manipulation, but the SEC looks the other way.
Companies can push back by releasing real news on the regular, and not pre-announcing it. ENZC releases news rarely and sometimes teases it ahead of time, so it bleeds. But it has a lot of things going for it that other OTCs lack, and a very supportive investor base - surely it'll have its day!
Today was the 3rd highest volume day for TOMDF since August 2017 and only 29% was sell volume. It's OTCQB with real products and financials and I think it's well poised to run higher soon. :)
From a purely technical standpoint, today's action saw a high at the profit target for a falling wedge on the daily chart, and the close was at the lower profit target for the same wedge. Since investors didn't just flip it, it saw a nice rebound end of day after finding support at the 200 hour moving average.
The bigger picture shows this in a down channel but I expect it to break out shortly. Might need another few days to consolidate or it might just run from here. Look at RSI and compare to the price action from the earlier leg up.
Bad outcomes to watch include a Dark Cloud Cover candle or Shooting Star forming tomorrow, but imo this is less likely than it running higher to continue the breakout. Any consolidation should happen nearer the top side of today's range if this is going to continue trending up. This was a really strong day!
GLTA
Most that go current without news crash immediately after,
I found the potential catalyst, they claim they are looking at merging with Agusta Westland, a subsidiary of Finmeccanica, that builds helicopters and personal taxi drones. That trades as FINMY which is pink limited with no news and no filings.
This rumor is coming from the SportsQuest website that also talks about acquiring a minor league baseball team because "Covid has created the ideal climate for buying low and selling high" while showing stock photos of rugby and soccer well after sports have rebounded in 2021. I guess it's possible this is real but it all seems pretty far fetched.
Here's the rabbit trail.
https://sports-quest.co/sportsquest-spqs/
What's in the pipeline behind Pink Current?
I was pretty concerned about Savov and he's still a problem for ENZC, but after Samsung made the news announcement it crossed an important line that shows big partners are willing to work with ENZC despite the legal shenanigans. If Savov won't participate in legal channels or take ENZC to court over his claims, it quickly undermines any credibility he might have had.
The only other red flag I want cleared is the radio silence from ENZC on all the overdue stuff. This is in a much better place after the Samsung news! :)
Agreed, good analysis.
Latest news looks good, I think investors are hesitant because of this company's history of empty fluffy PRs full of "plans" and "intends". This could pull back before it runs much further, as it's now at strong resistance with overbought RSI -- but if they do have a viable product now, whenever that's confirmed on resale shelves the stock should move higher.
Technically speaking, this is in breakout on the daily as of today, so that could be short lived or start a frenzy into next week. A pullback most likely creates a cuphandle as someone pointed out, (that would also be inv Head & Shoulders here) which would support moving higher later. Current cup depth is .002 which means a profit target of .006 in that scenario.
2nd chart at end of post is where it could get really fun... :)
GLTA!
Intraday chart, candle has NOT CLOSED yet:
Falling wedge in play, profit targets are approx .005, .0065 and .0075. https://patternswizard.com/falling-wedge-pattern/
Yikes lol
(old post but I'm in here doing DD after the latest news)
If it was ENZC by itself I'd agree with your assessment of it probably taking years to produce a viable product. I'm sure Samsung recognizes that the market is ripe for a product sooner, and can throw its weight behind making that happen! Pretty big news, hopefully investors agree this time.
I almost didn't buy back in, I've been pretty skeptical lately! Maybe others are also on the fence. Let's see what the rest of October brings.
My one experience with slot machines was the fastest $2 I've ever lost. The machine barely lit up before the money was gone. The money would have lasted longer had I lit it on fire. :)
A couple of tools to watch for dilution are Accumulation / Distribution and On Balance Volume.
https://www.investopedia.com/terms/a/accumulationdistribution.asp
https://www.investopedia.com/terms/o/onbalancevolume.asp
Below are the charts for ENZC showing these metrics on the 1D and 4h. There does not appear to be dilution as the values for AccDist and OBV more or less match the stock's price movement. AccDist is well above the zero line.
Contrast this to charts from a company with strong dilution - every time PS*U runs, it gets much more distributed, and AccDist gets much more negative. https://i.ibb.co/j4hvL7y/20211007-psru-accdist.png
1D
4h