Enzolytics Inc (ENZC)

[foxi]

She's right about these points though:

- 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.
- Rallies are fast, corrections are slower.
- 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
- we touched the 200SMA on the daily today and now have a gravestone doji candle (two very bearish signs)
- 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.

Based on the patterns she's seen elsewhere (lots of OTC tickers mirror each other) and the candles she had a few days ago, .05 was on her radar. I personally think ENZC is past that level and headed up. Nothing wrong with charts and TA in the OTC, but you can only chart with the information you have, so you have to adapt often. The best use of charting is identifying setups that could run to minimize potential risk / maximize potential reward. Charting is supplemental to DD, and generally trumped by surprise news.