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ENZC

$Enzc where do we go from here??? The chart broke down from our previous wedge, causing a wide broadening formation. We broke below the 0.618 fib level, would have liked to see a sustained volume shelf there creating a better support. Price will need to bounce from 0.1011 and close above that level or we will continue to see continued selling pressure. EXPECT ALOT OF VOLATILITY FOR THE REMAINDER OF DECEMBER! I still haven't sold a single share and will continue to aquire more every chance I get (seems more now than ever) Know your 50/30/20 rule! 50% of what a stock does is determined by what the overall market does 30% of what a stock does is determined by what the sector & industry group does 20% of the movement of the stock is determined by the analysis of the stock itself
OTC:ENZC
by OptionStonker
ENZC Elliot Wave ProjectionWave 1 is the start of a bullish trend, it is SUPER hard to catch, usually everyone is pessimistic on the stock and nobody believes the move that its making. Wave 2. where we currently are and possibly just finished.... usually has lower volume than wave 1, The price usually does NOT go below 0.618 fib retracement line (which we haven't) :), however sometimes but rarely it does.... The price usually falls in an ABC type of wave, which we currently saw last week. Phase 2 is where the shorts try to take over, the bears eat away at the ones scared to hold onto profits as we attempt to retest phase 1 lows. If you follow charts we ALWAYS retrace and test an old resistance like where we fail and drop harder, or buyers come in and we make the previous resistance a new support. wave 3 THE EXCITING WAVE!!!!!!!! Usually the most POWERFUL and largest wave in a trend. (some would argue wave 5 is, but not necessarily true... Wave 3 - the news is now POSITIVE and fundamental analysts start to raise earnings targets and estimates.... *prices rise quickly and corrections are short lived. Anyone looking to get in on a pullback will likely "miss the boat" Wave 3 OFTEN extends wave 1 by a target ratio of 1.618 aka the GOLDEN POCKET!
OTC:ENZCLong
by OptionStonker
2
Long ENZC even without PR and/or News.... LONG ENZC!!!We can see here that ENZC has had alot of good moves recently, for both the bulls and the bears. However, lets have a look at the fibs and see what that tell us..... Without news we can plan for a move to the 0.618 area @ 0.59 . That would be a 0.12 cent move, awesome news! Thats over a 20% gain from its current price. With news however, this stock could easily see $10 by end of year. HIV, Covid, etc... news is coming, i'm buying the dip every chance i get. If/when a partnership is announced this could easily see triple digits. Not to mention Enzolytics is one filing away from being SEC compliant and becoming one step closer to the NASDAQ ($3 price is needed). Do your DD and you can easily see a 6 x's return on investment.....
OTC:ENZCLong
by OptionStonker
4