Enzolytics Inc (ENZC)

[foxi]

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.)