Enzolytics Inc (ENZC)

[foxi]

Good perspective! Right now ENZC is in breakout into red on the daily chart, with RSI lower than it's been in years. But that could leave bears exhausted when big news hits, since they'll have already sold their shares. :)

Breakouts don't usually last long and support is strong around .10-.11 which is the low from April-May. I expect the bleeding to stop soon and then it'll be a waiting game for news. Prices in the .10-.11 range would create a double bottom with April's low, which could set this up for trend reversal. Big news after that could definitely make this run hard.

https://www.investopedia.com/terms/d/doublebottom.asp