I like those charts! But ENZC is different than MVIS in that the portion of ENZC bound in the flag lines is currently looking like a Head & Shoulders reversal pattern. Those don't always materialize but if this does, we'll be back in the trips. We just punched thru support at the 50/200 day MA so if we don't get some green days soon, things could start getting pretty messy.
I charted that line you used for the bottom of your flag. On the current trajectory, looks to me like price will need to articulate to something more bullish around .13-.135 to avoid Bad Stuff. The good news seems to be that it won't take much longer! The bad news is we won't know which way it'll go until we get there!
If this is indeed a large bull flag on the macro level charts, imo it will go up! Here's hoping for news before then, and a hard bounce. :)
Sorry...but the wedge has broken down while also breaking under the 50 MA....the slow bleed continues today...say hello to the 14's and gap to fill at .118
Blame it on Charles...no new influx of money coming in here...with a 2 BILLION plus O/S, you need at least 75 MILLION in buying volume a day. This will be red through all next week as well. There is no interest in this stock except from the folks who bought at .0003 and are still holding.
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