Enzolytics Inc (ENZC)

[foxi]

Here are some personal charts and analysis:

(The blank chart without commentary is at the end of this post.)


https://ibb.co/XZwnthP

We seem to have bounced down off the bottom line in the Fibbonaci retracements around $0.1575 on the price chart. If bulls keep pushing we'll test that point again and hopefully break through.

I forgot to mention the moving average lines in my analysis. (The three blue ones on the price chart at top.) There hasn't been any crossover yet, which suggests we may still actually be in the same bear trend that started back in early February. But the shorter term average lines are at an extreme distance from the long term one, and it seems that gap is starting to close. I reckon we'll see all three meet in the middle around the strong support line at $0.2250 sometime in early May to form a Golden Cross, and PPS usually moves up in a new bull trend from there. Alternatively, we could have a small rounding top and then trade pretttty flat around $0.10-0.15 for weeks waiting for a news catalyst. (If there was no foreseeable news at all, I would say this is still trending down and hold onto my money. But I think the company is making progress too quickly now for share price to stay in downtrend.)


This charting setup has been working pretty well for me but I'm definitely still learning! I use a totally different set of charts for volume analysis. Whoever's big into charts and analysis, please me know if you'd recommend a different mix, or tools you'd recommend I add. Cheers!



https://ibb.co/PwPCdPW