Enzolytics Inc (ENZC)

[foxi]

End of week charts:

Super late with these and I'm exhausted so they're a bit messy. Added some observations and included blank charts so it's easy to save them out and flip between.

GLTA





Bull case:
This has momentum from recent and anticipated news.
Good chart setup on the daily and weekly. No daily breakout yet.
Some selling pressure but not like last month. Bears may be exhausted after their months-long selling season.
There appears to be lots of buying at Ask and no big selloff, likely there are fewer shares available in general.

Neutral case:
The surprise from recent news has worn off.
Big gap up on Friday, may need more filling.
Wedge shape on hourly shows this may need more consolidation.
Hourly AwesomeOscillator (bottom rightmost study) shows the bull trend cooling.
Falling back through the daily Bollinger band would likely kill the hype unless more news was forthcoming.
Likely support at 50 day MA around .105, which is also near the 9 week MA at .102, so it hopefully won't hard crash.

Bear case:
Two opportunities to run sputtered on Friday.
Investors may spook due to this stock's poor performance last year.
A sharp pullback on Monday could start a selling frenzy.
Friday's gap up, sustained high daily RSI, candles closing outside the daily Bollinger band, and having just crossed over the Bollinger midline on the weekly chart are all factors that could pull this down. (ie It might be time for bears to answer, especially if investors are still cautious after last year.)






Misc time periods w/ commentary





Weekly w/ commentary





Misc time periods, blank





Weekly, blank