Enzolytics Inc (ENZC)

[MAGA_PATRIOT]

It is spotonge. I was pointing out that the lowest bids are now under .05 for the first time in over a year. I'm interpreting that as the following:

1. Opening takedown/cliff drop, as we've endured every day for 10+ months.
2. After we have our usual early-mid day teaser, we will be hit with another coordinated takedown, as we experienced the other day. However, given that we're now all the way down here, it will push us into low 05's, if not mid-high 04's, and set yet another new 52 week low.

Those mm's/firms who sit at the bottom of the bid, are not buying. They align their bid pps to ensure the bid won't fall to them, similar to what they do on the ask. The fact that they've dropped further tells me that there is a good chance the pps falls to 05.

I hope I'm wrong, but this has been the absolute most consistent groundhog day pattern day in/out, that I've ever seen, and I genuinely do not believe we can break out of it without retail volume/buying pressure, which regardless of RSI and/or other indicators, is not coming back until Charles delviers something significant/concrete. Based on the old adage of "volume before price," I don't believe he will be doing so anytime "soon."