Replies to post #109123 on Enzolytics Inc (ENZC)

[SeniorGolfer]

Thanks foxi I think we also start moving up today. Hoping to close near .13 than after the interview today could go higher tomorrow. With that said am playing golf today 36 holes so I will not watch until close today. That’s also a good sign because it usually go’s up when I don’t watch every tick. GLTA Go ENZC!

[Scrooge_McNoob]

That all makes sense....I hope it all works out like that. I think it stalls in the high 10 to 11 range till substantial news hits. Maybe a spike eod today from people wanting shares before the meeting just in case.... but I hope you’re right in the rebound coming

[HeavenBound83]

.....plus prayer and a whole lot of hope. A lot can still happen either today or tomorrow, so it's a wait-&-see attitude until 4 p.m. tomorrow. Thank you for the analysis. Good luck :-)

[foxi]

Looks like it's about to escape the wedge:


https://ibb.co/7Yk0FH4


I think I drew the wedge lines slightly askew on the original chart. It's hard to nail it until the bottoms and tops actually happen. The reasoning behind today's jump is still the same - the 9 day moving average crossed the 20 day, and we just achieved a bollinger band crossover and are ready to test the high band for a possible breakout:



https://ibb.co/nmrzGxb


https://ibb.co/Msm0wVL


Once a stock escapes a wedge, it often bounces back down and ricochets off the top of the wedge as support. Or once it breaks out, it might just go straight to that 50 day moving average line at $0.16. If we do, it's a short gap up (and briefly past?) ~$0.20ish where I think it'll settle & trade flat pending news.


More analysis in the original post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164056673