Enzolytics Inc (ENZC)

[foxi]

Yep! Afaik it's out of the danger zone for the floor falling out, but I need more data points to spot the short term trend. It looks to me that this is doing one of two things:

1) breaking out tomorrow or thursday and running back toward .20, keep in mind this could create a cup and handle pattern on the daily which would support it running higher if there's enough news or hype to start a frenzy.

2) heading toward the gap at .145 for more consolidation. The 200 hour moving average is .14 and should act as support in this scenario.

It may even do both, in order! Should be an interesting rest-of-week. The chart below color codes the signals I'm seeing: Pink is good and Yellow is bad. The most noteworthy points are the gap at .145, the incoming Golden Cross of the 20 and 50 day moving averages, and the VWAP crossover that happened near today's close.

If MMs are manipulating this I'd expect to see a decisive takedown early tomorrow to mitigate the effects of that Golden Cross.