AKS generated an inside week and a close in the middle of the week's trading range, suggesting that the traders need help from other sources for direction. By the same token, the bulls still have a "slight edge" inasmuch as the important and pivotal support at 6.00 has not been broken. The stock now shows 2 successful retests on the daily chart of the recent low at 5.99 and the stock did close near the highs of the day on Friday, suggesting last week's high at 6.86 is more likely to be broken that last week's low at 6.17. A break above 6.83 is likely to thrust the stock up to at least the 7.24/7.32 level if not up to the 200-day MA, currently at 7.55. A break below 6.17 would not necessarily generate much selling as the 6.00 level is still considered support. Probabilities slightly favor the bulls this week.

ARNA closed above 4.37 on Friday, meaning that the break of that weekly close support seen in August has now been negated. It does suggest that the downtrend is now officially over and that the stock is likely to get into a sideways trend between 5.15/5.50 and 4.05/4.37 for the next couple of weeks before any new decisions on trend are made. For the short-term (next week), the stock will show support at last week's low at 4.22 and resistance at last week's high at 4.90 A break of either level will likely generate a 10-15 point move in that direction. Nonetheless, it is unlikely that any long term decision will be made at this time. With the stock having closed in the middle of the week's trading range but on the lows of the day on Friday, it is likely the traders will first be testing support rather than resistance. Some support should be found around the 4.37-4.40 level that if the bulls are able to hold should cause the stock to test resistance and likely break it, with 5.15 as a likely objective.

ENG had an uneventful inside week with an also uneventful weekly close 3 points below last week's close. The stock did close on the highs of the week and further upside above last week's high at 1.94 is likely to be seen, suggesting that the bulls will once again attempt to break the 200-week MA, currently at 2.00, this coming week. The bears tried repeatedly this past week to close the gap generated after the earnings report between 1.59 and 1.85 and were successful in getting into the gap with a week's low of 1.78. Nonetheless, the bulls were successful in preventing the gap being closed and the probabilities now favor resistance levels above getting tested this week, and if broken, the uptrend resuming. Minor intra-week resistance is found at 2.00 and then a bit stronger at the double high at 2.15. A break above 2.15 will offer an objective of 2.35, which is where the 200-day MA is currently at. The line is further strengthened by a couple of intra-week high seen in April and May at 2.35 and at 2.37. Any close above the 200-day MA would be a statement that the stock is now in an uptrend. Support is now found at 1.78 that if broken and the gap closed would be a negative. Probabilities favor the bulls.

FB had an uneventful inside week in which nothing was decided. The negative inverted flag formation remains in place but also the fact the stock has not made a new low for the past 12 days and that the 100-day MA, currently at 74.05, has not been broken on a daily closing basis. The stock did close near the highs of the week and the probabilities do favor the stock going above last week's high at 75.48 this coming week. If that occurs, the bulls will likely be able to retest the recent high at 76.80. Nonetheless, until the top of the flag at 76.88 is broken, the bears will still have the edge for the longer term. A break below 72.90 would be a strong negative.

FCEL had a negative week, especially since a sister company in the industry (PLUG) reported less than expected earnings and general disappointment about the industry outlook was felt. The stock closed below the level of weekly close support/resistance at 1.84, negating the previous break to the upside of that resistance seen 2 weeks ago. The stock did close near the lows of the week and further downside below 1.66 is likely to be seen. On a positive note, the recent 9-month low at 1.55 was not broken and if it isn't broken this week and a reversal to the upside occurs, it will be seen as a required/needed retest of that low. Minor resistance is found at 1.89 and stronger at 1.95. If the bulls are able to get above 1.95, much of this past week's weakness will disappear. The big key for the week will be the support at 1.55.

FSLR made a new 13-month intra-week low this past week but the bulls were able to keep the stock within a weekly closing area of support between 48.31 and 48.67 that leaves the door open for recovery. The stock did generate a positive reversal on Friday, having made the new 13-month low at 45.94 and then closing in the green and on the highs of the day, suggesting the first course of action for the week will be to the upside and above Friday's high at 48.66. By the same token, the stock did close in the lower half of the week's trading range, suggesting further downside below last week's low at 45.94 will be seen this week. The positive reversal seen on Friday would suggest that further downside below last week's low should not occur. Resistance will be found at the $50 demilitarized zone. A rally above last week's high at 52.60 would strongly suggest the recent downtrend is over. Probabilities favor the stock trading around the $50 level for the next few weeks, with $47 being support and $53 being resistance.

FUEL received a better than expected earnings report and the stock gapped up and made a new 14-week intra-week and weekly close high. Nonetheless, the stock barely closed in the upper half of the week's trading range, meaning the traders were not totally convinced that the stock is heading higher. The stock did close near the lows of the day on Friday and further downside below Friday's low at 18.26 is likely to be seen on Monday. The high daily close for the last 3 months and prior to the earnings report is 17.37, meaning that a daily close below that level would negate the breakout. Intra-day support from the 60-minute chart offers support between 17.75 and 18.00. It is likely that level will be tested on Monday and depending on what happens there, the traders will decide what to do the rest of the week. Important daily close resistance is found at 21.14, as a close above that level would suggest the downtrend is over and that further upside to the $25-$28 level would be seen. Probabilities slightly favor the bulls because of the positive earnings report, but this coming week will be pivotal.

GIGM made a new 8-week high but the bulls were unable to close above the 200-week MA, currently at 1.08, meaning that the chart continues to be slightly positive but not to the point that the bulls can feel comfortable that the downtrend is over. The stock did close on the bottom half of the week's trading range, and further downside below last week's low at .98 is likely to be seen. Support is found at .95 and again at .87. The bulls have been successful in establishing a base at the 1.00 level, having closed above that level on 13 of the last 15 days. This action does suggest the stock is trading at least sideways and that the probabilities longer term favor the bulls over the bears. Nonetheless, the bulls must still generate a close above both the the 200-day MA, currently at 1.10, as well as above the 200-week MA before they can claim success in resuming the uptrend. Probabilities for this week suggest the stock will trade between .95 and 1.05.

PACB generated a new 8-month intra-week and weekly closing high last week as well as a close near the highs of the week, suggesting further upside above last week's high at 7.00 will be seen this week. The now confirmed weekly close above 6.50 is a positive that suggests that the stock will be testing the 3-year double top on the weekly closing chart at 7.18/7.19. If that level is broken, the 2-year uptrend will resume and a rally up to at least the $10 would likely occur. Support is now pivotal and important between 6.18 and 6.30. Intra-day support is found at 6.61 and at 6.50. Probabilities now favor a rally this week up to the 7.39 level. A close next Friday above 7.19 would be a strong positive.

RFMD generated another green weekly close, the 5th in a row, and though the previous week's intra-week high at 13.90 was not broken, the stock did close on the highs of the week and further upside above last week's high at 13.63 is likely to be seen, suggesting the 13.90 level will at least be tested. A break above 13.90 leaves nothing but open space above for a rally to the $18-$20 level before any selling of consequence is seen. Support is now pivotal between 12.97 and 13.02 that if broken would likely cause the stock to fall back down to at least the 12.00 level. Probabilities favor the bulls.