ENLV Should I Buy

Not a good buy right now for a beginner long-term investor with $50k–$100k who is unwilling to wait. ENLV has recent sharp downside (regular -4.17%, post-market -6.49%), no proprietary buy signals today, deteriorating fundamentals (no revenue, wider losses), and a major strategic pivot plus massive dilution (private placement at $1.00 for 212M shares). The risk/reward is unfavorable for long-term compounding at this moment; I would avoid/new buyers should stay out.

Price/Trend: Short-term momentum is unstable with a notable down move into post-market. RSI(6)=72.3 indicates near-overbought conditions (despite the drop, it suggests recent sharp swings), which is not ideal for chasing entries. MACD: Histogram is positive (0.0356) but positively contracting—bullish momentum is weakening rather than strengthening. Moving Averages: Converging moving averages suggests indecision/transition, not a clean uptrend. Key levels: Pivot=1.067 (price is hovering near this), Resistance R1=1.206 then R2=1.292; Support S1=0.927 then S2=0.841. With price near the pivot after a selloff, a break below ~1.067 increases odds of testing 0.927. Pattern-based projection: Similar-pattern stats imply mild bearish bias near-term (-1.45% next week) with only ~flat next month (+0.18%), which is not compelling for an impatient entry.