Enzolytics Inc (ENZC)

[foxi]

It's currently trading in a triangle, and notice the lopsided head and shoulders materializing. This pattern has characterized much of the bear run since early last year.

So for this drop, support might happen around .07 (daily bollinger band low) or .056 (weekly bollinger / 200 week moving average) given the information available today. Something even lower is definitely possible, but March is coming fast with several expected catalysts.


Because it's still within the triangle, it has a chance to bounce higher from here if ENZC delivers a catalyst in the next few trading days or the market changes sentiment. (I'm not counting on either, but ynever know...) Remember this?

Installation of Equipment at VetProm Facility Enzolytics, Inc. purchased and installed equipment necessary for production of the ITV-1 immunotherapy for the clinical trials being design by Clinic Design. The original equipment had to be returned because of damage to the centrifuge which, along with other issues encountered by IMPL, delayed the scheduled production expected in October. The new expected production date has been rescheduled for January of 2022. (Page 22)