Enzolytics Inc (ENZC)

[foxi]

Afaik there's no particular catalyst except maybe what MAGA_PATRIOT pointed out about the FINRA settlement dates.



Here's a chart with some observations. I'm mixed/bearish and watching tomorrow for news or confirmation of whichever trend. The good news for now is that price is back on top of the long term support line that was temporarily acting as resistance, which means significantly less risk of falling to a lower level compared to close yesterday.

A quick note about prices squeezing into triangle tips. The basic idea is that buyers and sellers are getting less willing to move out of the price range and more traders start waiting for a new trend to become obvious. Sometimes there's a "false breakout" where price escapes the triangle for a few candles and then jumps back inside. SO THAT SAID, today's trading moved price back into the big triangle formed by long term support and mid-term resistance, and the current trend is decisively upward -- so if bears get overwhelmed this could totally run awhile. (Watch tomorrow for confirmation.)