Enzolytics Inc (ENZC)

[foxi]

Weekly chart:

In case you missed it, DOGONE's got ya too: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168671211



This chart is intraweek, so the latest candle isn't done forming yet.

The market's currently resisting falling below that 200 week moving average (dark blue line). Note the latest two candles -- red touching the bottom bollinger band edge (dashed pink line) followed by a decisive green candle (so far) to bring us back into the band.

This price range would be a great turning point for ENZC to move into a more bullish trading season, starting with a test of the midline near .085 and the high band edge near .12. The nearest low is also close enough to count as a double bottom with the low from December 2021, which is a bullish chart setup if we can continue moving higher from here.

If it flounders tomorrow and Friday and we get an aggressive red week next week, that's when a bigger breakdown could happen. Personally I don't see it breaking down with all the recent positive buzz. This week or next would be a good time for Chandra to throw us some bigger news to help it trend upward.