Enzolytics Inc (ENZC)

[foxi]

Intraday charts:

Weakening trend as bears make a strong attempt to rally. Some indicators faltering. But it's not necessarily bad news, volume profile analysis shows the whole range from .14 to .155 needs consolidation.

Watching to see if this is the low. If it falls significantly lower late day, it triggers stop loss indicators for a false breakout yesterday from the overarching bearish triangle. (Chart 2 from here, or direct image)

It's also feasible this could come all the way down and bounce off the top of the triangle, in which case we'd see a big selloff before finding support around .1345-.137 for another leg up. This is getting interesting as a false breakout from that triangle to the upside could rocket back down for the real breakout to the downside, and never find support. We'll need to pay close attention in the next few sessions but I personally expect support at current levels to hold.