Enzolytics Inc (ENZC)

[foxi]

Thanks for the update! If we see .02's this week, this may reach breakdown on weekly RSI, which hasn't happened since January 2016 - April 2017. Hopefully there's a rally, but if not, lookout below.


Here's the weekly chart (intraweek since the latest candle is still in progress). I added a callout to show the latest candle close up. It's actually fully outside the bollinger band and using the band as a springboard to continue downward. RSI is a chilly 31 and MACD has a strengthening reflection downward, for five ticks, instead of crossing to the upside. There was also a death cross with the 20 period moving average (light blue) crossing the 200 (dark blue) as can be seen in the callout just before this sharp downtrend. All of these are bearish technical indicators - though charts are hit and miss in the wild wild OTC.

Saving grace is this is happening on low volume. Volume before price, & if we get a catalyst or rally the falling PPS could easily get routed by new money.





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