Enzolytics Inc (ENZC)

[foxi]

This chart looks extremely bullish!

If you're not familiar with Elliott Waves, watch this video to get up to speed! My chart refers to it for terminology and wave categorization. If you ARE familiar with Elliott Waves and can help check my work, that would be awesome. :) Note that this is similar to what gypsy7 has been charting as well.

My read on this chart is that ENZC is nearing the start of big and probably sustained upwards movement, as we're set to see both motive 2 of the primary wave (full wave weeks to months in duration) and motive 2 of the cycle wave (full wave months to years in duration) at the same time. In other words, this chart is well-primed to support breakout growth. We know big news could be a catalyst and we could potentially get all of Audit, Montana, and Lonza soon in the coming days/weeks.

I'm assuming that the observed Elliott waves are impulse waves as the video says these types are most common. From the video and in my personal experience, motive 2 tends to be the strongest run in an impulse wave. Note the fairly uniform spacing of articulation points in all waves, which I think confirms their timing pretty well. I can also mostly confirm these articulation points are valid by comparing to peaks & lows in RSI.

I liquidated ENZC last week to avoid riding the downtrend but bought back in today, as this is probably the best or near-best entry point I'm going to get now. :)

Thoughts? GLTA