Enzolytics Inc (ENZC)

[foxi]

Looks like it's about to escape the wedge:


https://ibb.co/7Yk0FH4


I think I drew the wedge lines slightly askew on the original chart. It's hard to nail it until the bottoms and tops actually happen. The reasoning behind today's jump is still the same - the 9 day moving average crossed the 20 day, and we just achieved a bollinger band crossover and are ready to test the high band for a possible breakout:



https://ibb.co/nmrzGxb


https://ibb.co/Msm0wVL


Once a stock escapes a wedge, it often bounces back down and ricochets off the top of the wedge as support. Or once it breaks out, it might just go straight to that 50 day moving average line at $0.16. If we do, it's a short gap up (and briefly past?) ~$0.20ish where I think it'll settle & trade flat pending news.


More analysis in the original post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164056673