Enzolytics Inc (ENZC)

[foxi]

Nothing too exciting on the charts, but I don't see any warning signs either. Tired fox today so I'll do minimal commentary.

The most interesting thing is the hourly chart, where the double-term MACD (at the very bottom of the image) is nearing a reflection or crossover. The half and full term MACDs are already crossed over and making green ticks. RSI is finally back up after an extended period of breakdowns. There was a recent bollinger crossover into the high band (dashed lines) which signals loss of bearish momentum. Price is just below bollinger midline so this is either going to retest the top band and hopefully break higher, or cross back over to the low band in a sideways channel.

Current prices should be strong support and I think price already made its new low yesterday. Could go to .116 briefly but I wouldn't gamble on it if you're looking to enter. Adding now / buying the breakout appears to be low-risk, but there's no excitement yet because news flow evaporated, so if you're not flipping brace for a long hold.


HOURLY chart:





DAILY chart: