Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Good explanation!
I bet shorts would double down at first to see if they could maximize on past skepticism and stifle any runs. If more big news drops they might scramble to cover.
My TA shows the highest volume node for the last 90 days is at .1901, that is a good jumping off point for a move higher. Right now that level and .193 are acting as resistance.
From the 180 day volume profile, there is a gap that might need filling at .39 :)
It gapped this morning but the prior 3 days traded almost exclusively in that range. (.158-.174) Hopefully it doesn't need to come all the way back!
That said, now we have a new data point establishing another high. So here's the current bearish potential (a downward channel which would indeed gapfill if the buy volume doesn't continue at current prices)
Chart is captured INTRADAY - candle hasn't closed yet!
230% of the average 30 day volume and we're just an hour in. Exciting times! :)
High volume day, looks like it's testing to fly. The current resistance is at $1.04
The market is certainly ripe for covid mAbs right now. If there was a way to reach a deal out of court it sure seems it'd be prudent, at least from an outsider's perspective. Though capitulating to Savov after he spread rumors with partner companies might come with its own unintended consequences.
Rock and a hard place, hopefully they get it sorted soon.
Didn't know this, good info.
Hopefully Harry cooperates and they can get it sorted quickly.
Agreed! I didn't realize INTL wasn't at the party this morning, RIP.
ENZC probably already has new partnerships happening! They just won't probably announce them yet because:
- Savov might meddle by spreading rumors with the partners.
- ENZC wouldn't want to tempt Savov to sell the disputed shares by posting news that'd bring the price higher.
- Savov's defense (did he even appoint defense?) might be able to use PRs somehow in court, for example to convince the court there's no legitimate urgency for an injunction.
If this is the case, there's probably some good news in the pipeline, but we'd be left in the dark until ENZC takes care of its legal. There was a hearing last week and it didn't go well - the judge denied ENZC's request for a Temporary Restraining Order and raised additional questions of jurisdiction - so now we're waiting for another development on the 10th. (I don't remember where this date comes from or what the development might be.)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166148565
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166148745
I wish the company would acknowledge the legal shenanigans and give shareholders a reassurance PR, but even that could influence Savov in some way if it confirms they're strategically withholding news. If all this speculation is true it puts ENZC in a position of weakness - IMO they need to find a way to sever their Bulgarian ties so no outsiders can wield this much control. Setbacks are part of the journey so it's important that the company be transparent & not sugarcoat them.
The Golden Cross happened, but because of the takedown bulls couldn't build any steam. I wouldn't be surprised if the day ends approx where it started, still a lot of hours left!
I think Tom was just pumping like Tom is known to do. But at any rate it's nice to see some of the MMs fighting with each other instead of collectively shorting this stock. :) If INTL is buying long then somebody with deeper pockets is betting this will go up.
Yep! Afaik it's out of the danger zone for the floor falling out, but I need more data points to spot the short term trend. It looks to me that this is doing one of two things:
1) breaking out tomorrow or thursday and running back toward .20, keep in mind this could create a cup and handle pattern on the daily which would support it running higher if there's enough news or hype to start a frenzy.
2) heading toward the gap at .145 for more consolidation. The 200 hour moving average is .14 and should act as support in this scenario.
It may even do both, in order! Should be an interesting rest-of-week. The chart below color codes the signals I'm seeing: Pink is good and Yellow is bad. The most noteworthy points are the gap at .145, the incoming Golden Cross of the 20 and 50 day moving averages, and the VWAP crossover that happened near today's close.
If MMs are manipulating this I'd expect to see a decisive takedown early tomorrow to mitigate the effects of that Golden Cross.
Well this took an interesting turn, some guy came in for 500 shares at .93 and somebody else pushed it to .97 for like 200 shares. Tiiiiiiinnnny volume but then other investors added more.
Look at RSI, fractals and AwesomeOscillator on the hourly. This is positioned for an entry signal per that strategy I talked about here. If I'm investing using that strategy + the hourly chart, I'm entering at any candle that closes above the red line on alligator and watching for breakout above the nearest upside fractal at 1.20 to confirm, mental stop loss at the green line around .94
Price is far below the 200-hour moving average, so it's not as good as a trade in a stock with healthy growth, but the idea is that if there's a breakout there'll be a temporary momentum swing that'll create a row of green ticks on Awesome Oscillator for at least a few hours since the chart is 'reset' to ticks near the AO zeroline and narrow fractals.
There's no guarantee how long a run would last and I'd have to do another analysis to figure out the profit targets based on the trading that's happened. Will save the work until an actual breakout. Volume before price, bears/diluters could just be out to lunch, lol.
GLTA
PS: Give this a read, and go make a 30 minute chart with the MACD study! Do you see a divergence? :) https://excellenceassured.com/8252/macd-bullish-bearish-divergence-price
So far it's sorta holding around a dollar, though looking pretty dire. If this is anywhere near the real bottom, the previous low was .69 so a reversal at or above that price would form a double bottom on the daily chart. (That would be a good sign that this could be turning more bullish.)
https://www.investopedia.com/terms/d/doublebottom.asp
FDVRF almost meets the criteria for a double bottom so far. Since it didn't hold at $1, I'd expect price to come down to the .70s before it could go green again.
Otherwise for many stocks the dead cat bounces tend to happen at an order of magnitude price difference. There was one around $10, the last one was in the dollar ranges, and the next one might be in the dime ranges.
It's definitely sus, but if investors are careful to take profits on the way up it might be worth the risk.
Here's what AccDist usually looks like in a pump and dump: https://i.ibb.co/c1HsXfL/20211004-bryyf.png (Extreme distribution & possibly the company diluting as well.) Compare that to AccDist on the SPQS chart below.
SPQS's chart is either going parabolic or made to look like that. The movement so far has been on relatively low volume vs the other runs, and AccDist shows no extra buying or selling. (Yet!) RSI is extremely overbought and the big runs have historically lasted about a day. I'm bearish so I took profits, BUT if this sees higher buy volume tomorrow it's gonna be nuts!
GLTA
Big volume is fun to watch, but it looks like a pump and dump to me!
About 4.5B shares traded Thursday at a lower price, and close to 5B traded Friday after the price was up 50%-100%. Looks like somebody might have orchestrated a quick pump, then dumped onto retail on the way up. That or the company diluted it to heck.
Doesn't mean it's dead, but be aware! GLTA
Looks like the dilution will continue,
You can clearly see where they let up around the dead cat bounce to lure new bagholders. We'll probably see another dead cat bounce closer to a dime.
It's still in a position to u-turn and start another run, but with strong sell pressure and no news in the pipeline it's not looking good. The price holding steady while AccDist drops suggests the bottom will fall out soon.
I'm blaming FDVRF insiders for the dilution, but it could it also be MMs naked shorting this to heck! OTC is the wild west! :)
GLTA
Everyone's playing with fire in this one. :) It's both frustrating and a lot of fun.
They also make those claims at the 15:15 mark in last week's interview.
Technical setup looks fabulous, I'm not seeing dilution. Quite the opposite!
Daily moving averages 9, 20, 50 are all clumped up and the 20 is crossing the 50 today. This is trading in the high bollinger band (not shown) and BollingerBandwidth shows a lot of headroom. Look what's happening to RSI. Daily MACD is in the green zone and averages look to be widening, but there's some ambiguity so compare to the next level up. (Weekly, shown in my second chart)
Weekly MACD shows a cooling of the ongoing bear trend. (Faded red ticks) I'm also seeing strong accumulation (AccDist), and lots of headroom in BollingerBandwidth. On the weekly, the 50 MA is approaching the 200 MA and almost to crossover. Bollinger Bands (not shown) has this in the low band but now testing the midline - a crossover into the high band would take price to .0008 for a test of the top boundary.
This could pop as soon as this afternoon or it could take weeks. :) Could always go down too but the risk/reward looks pretty solid to me. Wish I'd bought .0003 and not .0004 but these are all relative cheapies if it runs. With the moving averages so close it could get a nice chain reaction of golden crosses.
Authorized Shares (50B) is obscene and there's 17B more to dilute with, so keep that in mind when choosing profit targets. IMO they'll wait to dilute until this gets back to a higher level.
Daily
Weekly
What's in the pipeline behind Pink Current?
I'm curious about Frank's "not a vacation" panama trip from this tweet
WHAT???? Republica de Panama. it’s not a vacation guys. pic.twitter.com/S2elcyj0rM
— GROOVY Company, Inc. (@groovyclick) September 30, 2021
Great, thanks!
Nah no way. Filings have happened since then too.
There may be a way they can restructure the parent company into a subsidiary to show definitively that Savov does not control the disputed shares. This is speculation as I'm not a lawyer.
Perhaps they can leave their lawsuit against Savov for tortious interference filed indefinitely, and restructure companies to ensure the transfer agent is not legally beholden to give Savov any shares, forcing him to sue ENZC if he wants them back and giving ENZC something free and clear to show concerned partners. Savov already acted outside of legal channels, so he would probably want to avoid any and all court activity.
As I'm typing this it seems far fetched, but again I'm not a lawyer. :) Robustomed Inc could also be a glitch or marketing-driven name change, haha. On my TDA it's back to showing Enzolytics Inc.
Same page!
They did hint at progress and partnerships behind the scenes like saying they "picked a CDMO" for ITV-1 trials, and we might see some news about that if they actually ink an agreement or begin running trials. I think the Savov suit ties their hands in many ways. We should see clues about progress on partnerships/products/revenues via the financial filings at least, even if there's no PRs for awhile.
The interview was inspiring, and they totally skipped the hard questions! XD (To be fair it may not have been the venue for it.)
- any roadblocks and what they are
- acknowledgement of legal shenanigans
- lack of PRs & why the silence
- why is expected news overdue? (Montana, etc)
- whether the lawsuit affects the audit affects the uplisting schedule
There wasn't officially "new" news though they hinted at partnerships and a full and exciting pipeline in the future. Clearly a lot of people are feeling pretty hyped now!
On the daily chart, we're looking at a decisively bearish candle pattern. Compare to the top of the run in June. MMs might want to shake this down some more to scoop up cheapies.
Adding to the volatility, news will almost always trump charts, and the week still isn't over - so as usual, there could be an imminent news drop tomorrow, Monday, Tuesday...
I think it's safe to say trading this (looking for the best price and riding the waves) will be hard, investing in this (buying at any price and holding long) will be more straightforward.
GLTA
https://www.ig.com/us/trading-strategies/16-candlestick-patterns-every-trader-should-know-180615
Watching this tomorrow for start of possible run to 200h average at $2.50
9h MA is close to crossing 20h MA from below, then a potential cross of the 50h MA maybe Monday. RSI is squeezed, MACD half period (0.5h) is green, MACD full period (1h) is nearly at crossover, MACD double period (2h) is close enough for a quick crossover. Bollinger Bandwidth is very low with lots of headroom, so a new bear or bull trend could quickly gain strength.
If it runs, I expect it'll stall around $2.50 and get caught in that symmetric triangle, then come back down for either a breakdown or another bounce.
The chart setup looks good enough it could also go past $2.50, depending if it's already been bouncing in a symmetric triangle since 9/1 from the top left end of that redline. In that scenario, yesterday's low could have been inflection 4 of the usual 5, where 5 often breaks out of the triangle on the opposite side.
I tend to interpret it as first entering the triangle at the bottom redline, which counting the inflections would make the current one 3, a run to $2.50 #4, and a breakdown to $1.25 #5 for a bearish continuation breakdown into the lower pennies.
Either way, if it starts to run tomorrow it looks to be a decent swing trade! :) Thoughts?
Audit requirements for uplisting:
To be considered for admission to OTCQB, a Company shall meet all the following conditions: 1) Audited Financials. Audited annual financial statements must be prepared in accordance with U.S. GAAP or, for International Reporting Companies or Alternative Reporting Companies listed on a Qualified Foreign Exchange, IFRS or an IFRS equivalent, as applicable, containing an audit opinion that is not adverse, disclaimed, or qualified.
Thanks!
ENZC milestones cliffnotes from first 20 minutes:
Hit me with corrections, I typed these live and have no rewind button yet.
ITV-1
- will be completing production in October, then clinical trials
- trials expected to be expedited because of Bulgarian data
- EU market by 2022
AI
- identified conserved sites, now creating mAbs for all 8 sites for HIV
- 19 covid conserved sites, confirmed target sites the same on the first five covid variants
- conserved sites for about 20 other infectious diseases, will add to ip portfolio
- discussing animal mAbs collabs, veterinary market by Q4 2022
Fully human mAbs
- preclinical success at Strausburg and Montana
- expanded team of scientists
- confident there will be good animal study results, based on earlier primate studies by Fauci
- have partnered with CDMO to start making mAbs (for studies first, maybe more later)
- have partnered with same CDMO to produce material for animal studies
- have selected partner for animal studies & hope to report that result "early next year"
"On track" with the uplisting. Hope to uplist the stock "very soon"
James Hicks live in 3 hours:
It's suddenly showing Robustomed Inc. instead of Enzolytics when you type ENZC into brokers like TDA and Fidelity. It's probably not a glitch since it's affecting multiple brokers. No one knows what or why yet.
Someone on discord claims he saw this happen a few months ago as well, so for now I wouldn't read too far into it! But it sure is curious.
No date on this screencap but it's definitely from earlier as it shows a lower share price.
I was reading stocktwits and one of the pumpers mentioned it! XD Took a peek because I agreed with his other picks. Might nab a few FONU shares tomorrow, still scrambling to do my DD on a bunch of tickers.
In TDA web interface go to a buy ticket and punch in ENZC. I'm not seeing the change in sites like OTC or Yahoo yet.
Seeing that in all my broker accounts now. Very curious. Both discord servers and twitter are wild with speculation, no one knows.
Imo we can probably conclude there's an increased chance of incoming PR. ;) Maybe today was MMs shaking the tree one last time for cheapies.
Here's the context, Chandra was replying to people excited about the Intel shoutout and possible milestones ahead. It was a pumpy-sounding comment, plus Tom's pumpy-sounding comment, but neither of them specifically said whether news was coming this week.
The week isn't over and tomorrow is the James Hicks interview. Decent chance we'll get news.
$ENZC Wow.. Magazine articles. Intel tweets. Ark interview next month & James hicks the 30th and it's only Monday! https://t.co/2xTHJWJGoy
— MC$Trading (@mc_stocktrader) September 27, 2021
Gotcha! Good to know.
Until yesterday there was no recent candle anywhere near .20 to give us a data highpoint to compare to earlier highpoints. If you've been watching you'll notice that descending triangle pattern (bearish) has been called out by the charts for weeks, and the rising wedge (bearish) for days, with all the meta analysis of lawsuit developments, twitter hype, FOMO, and news catalysts offered in support.
I agree wholeheartedly. I guess we are supposed to believe a chart can track bearish sentiment of ENZC holders over 1 year and their frustration levels. Yesterday's charts were all rainbows and unicorns and now a dark cloud cover. We had no news, good or bad, how is the chart so wrong? I am sure the chartists are well intentioned but not much more.