Read it again, then - that number was addressed in the very next lines. :P
Chart says this has strong potential to keep trending down, it's less about price prediction and more about evaluating trend strengths and setups that might support runs or breakdowns. Profit targets are a part of it. Nothing is guaranteed but it's better than flying blind.
Agreed .0028 is way too low, when I redo the math on a logarithmic scale it's showing the short profit target at about .02, which also seems a bit low given there's only a few trading weeks before March. News trumps charts.
The downtrend makes sense given how red the market is and the fact the company keeps promising stuff and so far not delivering, give or take lenders unloading shares. That's a lot of sell pressure. Things may change for the better if ENZC can deliver in March, which is hopeful since they gave us a confident outlook and committed to an actual deliverable date (month). Nobody knows what the market will look like then, it could be a full on recession or an OTC renaissance or anything in between.
If you don't agree with the chart, (and don't shoot the messenger, lol) 1) what are you using that counters it, 2) what is your trend prediction, 3) how can you justify your prediction?
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