Enzolytics Inc (ENZC)

[foxi]

I thought it was going to dip to .054 or so to meet the 200 week moving average, but the breakdown had been going for too long and it reversed before then.

Something interesting about Bollinger Bands - often when bands are narrow you'll see two failed tests of whatever outer band before reversal and crossover. The bigger the timeframe charted, the more reliable the pattern.

If we look at ENZC's weekly chart, those two tests just happened. It wouldn't surprise me now to see this week's run reach or exceed the top band at .185, especially since after today there's a falling wedge in play that could take price to at least .20 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167377492

If we reach .20 tomorrow, the daily candle pattern at Wednesday's close would be Three White Soldiers which implies a day of retracement (Thursday) before continuation (Friday), setting us up for a big catalyzing Monday next week. ie, Tomorrow is a pretty important day to watch, but we have the makings of a sustained run without ever coming back to the .05 range before bigger news catalysts are expected to drop in Jan and Feb.

Volume before price though, and weekly volume is still relatively low. The dominoes are in place on today's charts, but this is the Wild Wild OTC - traders gotta stay agile, reassess often, and be ready for surprises.