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Moderna never had a successful vaccine before covid emergency use thrust them into the mainstream. That didn't take long at all. ENZC's research has applications for covid treatment (especially in dealing with mutations and variants) and ENZC is cleverly pursuing foreign emergency use and veterinary medicine to prove viability and put pressure on the USA regulatory powers. If ENZC doesn't manufacture its own vaccines, at a minimum I'd still expect to see its target sites research become the norm for BP vaccines.
Consider medical relevance from HIV to flu to rabies in humans, feline lukemia and equine anemia in domestic animals, plus collabs with players like Intel, and it starts to look pretty solid (at least long term!). Afaik, ENZC is pushing bleeding edge technologies and like other disruptors, it's hard to gauge how quickly this will move due to lack of history/competition to compare it to.
Application of computer analysis (Artificial Intelligence - A.I.) to curate (analyze) the amino acid sequences of targeted viruses to identify the conserved, immutable, and neutralizable target sites (epitopes) on targeted viruses. Enzolytics has accomplished this goal for HIV, the Coronavirus, HTLV-1 and is in the process of doing the same for H10N3, Influenza A and B, H1N1 influenza, Respiratory syncytial virus (RSV), Ebola, Small-Pox, Tetanus, Diphtheria, Rabies, Herpes zoster, Varicella zoster, Anthrax, Elephant endotheliotropic herpesviruses, Feline Leukemia Virus, Equine Infectious Anemia Virus, and Koala retrovirus.
It's moving! Nice end of day rally
I'll keep making them but maybe I'll add a disclaimer. :)
GLTA!
Eh, it does appear there are trading algorithms and manipulation. But flying blind or trading on emotion is how people lose money. Just like looking at Level 2 data during trading sessions, technical analysis can give us some useful clues about how it might move / MMs might move it for a better chance to react, or combine with other data points to stay informed.
I agree with the beach ball analogy but .17 is where the 50 and 200 day moving average lines currently sit. If the price were to go to .12, all moving average lines would be sorted bearishly from slowest to fastest. (So I doubt .12 would be the bottom!)
I could see them taking it down to .17 via a small breakout to squeeze a few more days out of this triangle. Anything below .17 is questionable for longs because we'd be seeing lower highs, lower lows, and return to the trajectory of a strong bearish trend.
On the macro level we're staring at a huge head & shoulders pattern that may or may not still be in play.
Current trend is worrisome, we are no longer seeing higher lows on the daily chart. You can see how squeezed trading is getting between the 50 and 200 moving averages and that descending triangle.
The descending triangle usually means bears are getting more aggressive because highs steadily get lower, and lows hover at the support line about to be broken.
There's still time for a rally which would pull the 9 day MA over the 20 MA, break out of the triangle, and get all the moving average lines sorted bullishly. In this scenario bears would be exhausted and we'd see some nice gains. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164694890
Longs should carefully weigh if they think bears will get exhausted and bulls will rally, vs bears breaking support and gaining momentum. If the current support line is truly the bottom, we have a couple days max before upward movement. Otherwise we could see a big selloff and prices back around a dime. (A third scenario is running the triangle out the tip, which results in a low activity sideways market waiting for a catalyst. But that's unlikely compared to a breakout up or down.)
If you're talking about these rules:
https://stockstotrade.com/secs-new-otc-pink-rules/
Afaik they would not apply to ENZC because ENZC is already Pink Current. (The new rules apply to noinfo/dark/defunct)
https://www.otcmarkets.com/stock/enzc/overview
I'm excited, on the daily chart there are three sell candles in a row with exhaustion wicks, indicating an end to this week's bear trend. If we keep this up we could end green and have a great shot at further gains next week.
This chart, it just took a couple extra days riding the top of the 9 day MA. (We're seeing higher lows at each support level, squeezing up against resistance.)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164694890
Faked me out! It's wound up tight, won't take much to get it moving in either direction. GLTA
No news, just a strong day so far.
Things about to move...hopefully up!
This is wound up pretty tight on a lot of charts. (Minute to hourly. Daily suggests more time trading flat, but at least it's holding at support nicely.) But we're also running out of trading time.
Price could move big in the next hour and a half. (Hopefully up, lol) It'll probably be a crazy Friday.
Rally time?
There's usually a dip around 9:30-10:00
I think we'll see $0.215 eod
Green today could really set things up for next week!
Big news dropped anytime now thru aftermarket Friday would give people plenty of time to hype over the 3 day weekend. One can dream!
Chart is the daily
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164675373
Maybe it was a head fake! Breakout rn
(Or this could be the head fake, lol)
If that's the case, since today was a Finra day (yes?), it seems this would be getting ready for some kind of a bull run. (Bring it up again, flip and start shorting six or seven days from now, end the Finra cycle in 15, rinse repeat.)
Gotcha, and yeah in that case it behooves them to hold price down for as long as possible, as long as the MMs are getting paid more from the commissioners than they'd make letting it run.
Yours looks bearish! Better sell! :)
The problem I see with that theory is that if MMs are loading up with ENZC longs, their money is tied up until they finally let it run. If they spend months and months accumulating shares, their long dollars are illiquid and cutting into profits elsewhere.
Some MMs might be fine with that, especially if they know ENZC is a diamond, but at some point they're going to have to let it run (or at least pump it again) if they want to realize their profits. Also, the MMs might collude for a time - but they are also competitors.
I'm still going to do new charts! Ynever know, maybe there's something we're all missing. While I agree trading isn't fully organic, I don't think all the organic behavior is gone either. And it'll be important to understand the levels and patterns in play once huge volume comes in and takes control out of MM hands.
I made us a new chart! Read with a grain of salt after this morning's price action, obviously:
This looks busy as heck but it's just a resistance line, 200 day MA, 50 day MA, 20 day MA, 9 day MA, and cuphandle. To get bullish again we need a big news drop, we need to stop bleeding red before we hit any old lows, and we need the 50 or 200 MA to act as strong support. At a macro level, the chart is still set up for a big organic run but it's looking more and more like we'll need a new catalyst.
Trading is super squeezed by that triangle resistance and if we pop below the 50/200 for an extended period of time, this could turn all kinds of bearish as price will have nowhere to go but down. (Not shown in the chart is a very large head and shoulders pattern for all of 2021 that may or may not be in play if price was to break support. This wouldn't materialize for at least a few more trading days, and is only a risk if we stop seeing higher lows.)
It worries me that reddit is pumping it now too. Nothing draws the sharks like amateurs from reddit. (No offense to amateurs from reddit!)
ENZC will have its day. But the wait sure sucks!
You called it yesterday! Nothing on the charts suggested we'd see this kind of crash. Right through several established support levels and on only 5 mil trading volume.
Great post, thanks!
You are probably right! The bears are testing the low very hard right now.
Another way to escape that triangle resistance line from February would be to trade flat! So if it doesn't break downward into engulfing red later today, I'd consider that progress!
Truth!
You can see it on the daily! I drew it on this older chart here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164609969
It's a little strange looking with those few days trading flat around $0.30. But it fits these definitions as far as I can see: https://www.investopedia.com/terms/c/cupandhandle.asp
(That's IF the pattern fully forms! We need to break thru resistance today or tomorrow to get back to the cuphandle retest at $0.30)
I'll note that cup and handle is usually associated with a bull trend, forming as a continuation pattern of previous upward movement. But this one, if it fully forms, would actually be the consequence of a long rounding bottom at the end of a bear trend. When that happens it's still valid, afaik!
Not yet it isn't! But we're not far from having that setup. Flippers and panic sellers might get burned.
Critical day! Watch closely! Charts+Explanation below:
Trading could move big in either direction today. Probably need to watch pretty close unless you're committed to holding long no matter what. (In which case, maybe don't watch - it'll be a nail biter!)
Incidentally, if we break through resistance, we're on track for a huge cuphandle that could then potentially take us to $0.50.
GLTA! <3
Great to see him tagged in that tweet! :)
As of June 4, 329,021 adverse reactions reported (including deaths, hospitalizations, urgent care and office visits) but it's worth noting that under emergency use, the reporting requirements are more stringent. (And do not guarantee a cause/effect relationship of vaccine to injuries.)
Compare US deaths related to vaccines (3688) in the first 5 months of 2021 vs US deaths related to all vaccines (3924) in all years prior since 1968, not including (962) deaths prior to 2021 with an unknown date.
So, not 50k reported deaths according to these numbers (which may or may not be inherently underreported, and also don't include worldwide data) -- but yes the data does suggest vaccine injury/death reports are skyrocketing.
https://wonder.cdc.gov/vaers.html
We NEED companies like ENZC and what they have to offer to improve this field of medicine and make treatment safer for all.
I do not, and I may be mistaken,
It was my understanding that it's no longer banned, but most doctors still do not prescribe it.
My point is more that it was likely $$$ driving the decision to suppress the studies suggesting it'd be useful for fighting covid. mRNA vaccines are a lucrative new field.
You can't do an emergency use authorization if there's already a viable alternative.
HCQ was quietly allowed back into use for covid purposes once the mRNA treatments were on the market. :P
(HCQ never stopped being prescribed for the various illnesses it'd already been successfully treating for decades. It just wasn't allowed for covid prevention while the mRNA vaccines were being popularized.)
I've used Alvesco for asthma, it's hella cheap with very few side effects. It does indeed have anti covid properties due to how deeply it penetrates into the lungs.
Contrast Alvesco for about $60/mo thru an American lab, vs special order imported Spiriva for $600/mo or Symbicort for $200/mo that BP is always pushing.
Wouldn't it be a miracle if politicians would stop their shenanigans and let the people pursue cheap and effective medicine for the good of all?
I really appreciate the pressure ENZC is putting on the system right now. :)
I feel you there! If you believe in the fundamentals and that price is eventually going up, I recommend stepping back and not watching it so closely. Check in just at lunchtime or something!
If your plan is to hold long, staring at charts and tickers all day will give you all the stress of day trading/swing trading without any of the reward!
Sometimes I'll take a full week off and set a sell order at some stupid high price in case it unexpectedly reaches there. :)
Good luck!
Me too but we need something big to kick it off!
(Also, I doubt it'll stop right at $0.50 before its next round of consolidation. Depending on news/hype it could easily blow right past that!)
If I'd flipped at this round of consolidation, I'd have almost double my shares now. :P
Did some extra digging for yall:
https://backend.otcmarkets.com/otcapi/company/financial-report/287770/content
Page 2:
On May 10, 2021, the Company filed an increase in its Authorized Share Capital to 40,000,000,000.
1: If history repeats, we'd see another hardcore round of dilution happen.
2: If the acquisitions made the company profitable, the company could do the reverse splits and trade more securely, rewarding investors in the long term.
I can't find anything on 26bln, but I did find this:
https://backend.otcmarkets.com/otcapi/company/financial-report/287770/content
As of April 30, 2021, the number of shares outstanding of our Common Stock was:
13,995,992,699
Sold mine today! This could reverse and pump hard in the short term, but all the dilution has left a bad taste so I've moved on to other things. And the current trend is worrisome.
In the big picture, price is still at higher lows compared to 2020 Q3 and Q4. But price also just fell through the major support line at .0012, leaving the short term looking very risky.
It wouldn't take much to sort out those moving average lines for another bull run. (Or upside down for a huge bear run! Haha) But all the acquisitions are big growth news for this company. The question of the day seems to be: can they still attract investors after all this dilution? :P
Worth keeping an eye on GTEH for later! GLTA!