It depends how you look at it and how 'big picture' you're looking. On one hand, it's trading at what should now be its low, atop strong support. So it's a great buying opportunity if you think we'll get good news or that the market will insist on a higher price.
On the other hand, we've had a continuing string of delayed news, no news, and arguably bad/botched news like not staying pink current or retracting the Lonza PR with no ENZC explanation. (Lonza spox said there were 'inaccuracies')
The chart looks like this and it shows trading squeezed into a triangle tip between support and resistance. One or the other is likely to give out in the next few days and so far we haven't had any good news. (Quite the opposite!) If support breaks, this goes to .10 or lower (a ~30% loss in value) and spooks or depresses a lot of investors.
I'm trying to find the bottom so I can get the right entry point because there's a huge difference in accumulated shares between buying at .20, .15 and .10. I typically do short term stuff (days and weeks) so the daily ticks matter more to me than certain others; if you typically trade over months and years this is an easy buy/hold at these prices because it could go down first, and you'd hold either way until the next big run. If I pick a bad entry point I'm forced to hold and my money is illiquid while other tickers are running.
(Chart from yesterday, there's another partial candle today not charted here)
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