Enzolytics Inc (ENZC)

[gypsy7]

Foxi, having closely observed several OTC rallies recently, they often do run for about 6 days with one or two of those days being short or mid range pullbacks, so what you are saying is entirely possible. ... however, since we touched the 200SMA on the daily today and now have a gravestone doji candle (two very bearish signs), we may just have our retest of the breakout level before we can truly get that reversal we are looking for....and continued upward movement.

That run was so fast that it was equivalent to the 6 day runs I've been seeing, but it happened in 3 days with the 3rd day going straight up and then straight down. That is also a strong sign of a short term reversal (down) starting tomorrow. Either can happen, but I think we are more likely to see .09 before we see .18

Good news is when we do see that correction and retest of lows, we are getting closer to the confirmed reversal. After the moves we've had lately though (just from observing other charts recently and seeing the consistencies) we can take another couple weeks or longer to see our reversal. Rallies are fast, corrections are slower.

Also we rarely get sustained uptrend as long as we remain below the daily 200SMA. Most still consider this trend bearish until we break the trendline and get / stay above the 200 on the daily.

IMO the sooner we correct and retest lows/breakout levels, the sooner we can get above that 200SMA and really start moving.

But this is OTC and anything can happen!