Enzolytics Inc (ENZC)

[gypsy7]

CHART: Reversal Pattern continues to form on daily chart.



So far, for 7 days straight, we are creating the EXACT OPPOSITE pattern from the reversal from highs in February.

Today's low volume red candle is a very good sign and in complete correlation with that reversal from highs.

At the highs in February, we had the 3 red candles to follow and a small (low volume) green candle after that, which opened with a gap down and closed higher, about half way up the candle.

Today we have the exact opposite, where we had a gap up at the open and closed down, about half way down the candle.

If we continue the trend, we can likely open with a gap down in the morning and close above today's highs, creating a bullish Engulfing Candle with another green candle to follow.

Money Flow Indicator in an uptrend and recently made a higher low.
RSI turning up after a double bottom and about to breakout above it's recent highs.
Both good signs.

I would imagine the time to get back to previous highs will take a couple of months. And after 2-3 months, we could break out to new highs, purely based on where we are in the trading cycle and using only technical analysis. Fundamental catalysts will keep the PPS moving up nicely, which we expect several to be coming within the next few months, and much more significant ones to come after that.

Everything still on track for this reversal in play. When we get over .25, we will see a fast push up to around .40 IMO. as .25 is the weekly high from last week. That move past .25 will be full confirmation of our resumption of the uptrend on the daily chart. Long term (weekly) we remain in a strong uptrend.

All in all, everything looks great here for the long term.
Take advantage of the low prices if you like the DD and are able to add.

Full DD here:
https://www.notion.so/ENZC-19a6e9357bd9485a80fb84ad4e73cb7e