Enzolytics Inc (ENZC)

[foxi]

Switched my chart studies from the usual so let me explain what's on there now:

Price panel has three studies:

200 period moving average. I only use it to gauge whether the candles are in bull (above) or bear (below) territory.

Williams fractals. These show support and resistance levels and take into account fibonacci numbers which market trends (and a lot of other things in nature) typically adhere to. I only watch the most recent fractal above and below the current bar when looking to enter a trade, the rest are more useful as reference. The rules for using them are that narrower ranges can offer better trades (kind of like bollinger bands) and a breakout can be an early signal to the start of a major trend, especially if paired with a nearby Williams AwesomeOscillator crossover. (See below) I go long when there's an obvious breakout above the most recent fractal tick if other studies also look bullish.

Williams alligator. This is a bit cleaner than my usual slew of moving average lines. The rules are:

Be careful going long when under the 200 period average.
Be careful going short when above the 200 period average.
Go long if a candle closes above the red line coming from below. Stop loss at green.
Go short if a candle closes below the red line coming from above. Stop loss at green.
Sell your longs at the end of an uptrend when a candle closes below the green.
Sell your shorts at the end of a downtrend when a candle closes above the green. (The situation on today's chart!)

In my experience so far, I have never been burned if I follow the rules exactly, as they do a great job limiting risk. They are, however, a bit overly aggressive and I have missed some gains by selling too early. A liveable trade off imo.


CCI shows price direction. A reversal in price direction occurs when CCI crosses into the bottom band from outside (below), or into the top band from outside (above). On today's daily chart it's pretty safe in the middle of the range and the most recent crossover was from diminishing price to increasing price. This suggests increasing price might continue.


Williams AwesomeOscillator is kind of like MACD and attempts to divide trading into bullish (above the line) or bearish (below the line) zones. It also shows trend strength and cooldown periods by the size and color of the ticks. Generally speaking a trend change happens at the crossover and if this is combined with Williams fractals to catch the breakout, can be a very useful indicator.




Note that on today's chart, the candle closed below the alligator's red line and we haven't yet seen a crossover on the williams oscillator. We're still below the most recent fractal. We're also below the 200 MA. So technically speaking per these indicators, it's still a risky buy!