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Sunday, February 14, 2021 12:48:57 AM
The Pull Back we witnessed last week IMO was due to ENZC's RSI (Relative Strength Index) hitting an Overbought condition, keeping in mind that shares were being snapped up daily in the $12 Million to $25 Million Dollar range for several days.
What followed is the MM sold off shares thereby causing consolidation to lower PPS ranges adjusting the PPS to where it is today.
This amounted to nothing more than a healthy consolidation that positioned the stock for another rise in PPS to new highs which we are about to see likely this week OR by the end of this month that will probably be accompanied by positive news drops.
Again this is only an opinion.
Be well and prosper...
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