AKS did not follow through on the previous week's fall and close on the lows of the week, having generated an inside week and a small trading range of 35 points. Nonetheless, the stock did generate a red weekly close as well as a close near the lows of the week, still suggesting that further downside will be seen this week, below last week's low at 3.85. It does seem that the stock is building a bearish inverted shoulders formation with a downside objective of 1.65 but such a target is highly unlikely to be reached, meaning the inverted flag will likely not occur or be turned into something else. Support is found at 3.42 and it is unlikely that level will be broken at this time. It should be mentioned that from November 2012 to November 2013, the stock traded between a low of 2.76 and a high of 4.90 with 90% of the trading occurring above 3.42. It is likely the previous week's response was overdone as the stock dropped 25% in value though iron ore is only supposed to drop 10% in value. As such, after some follow through to the downside, the probabilities do favor a rally back up to the $5 demilitarized zone with 4.70-4.90 being the most probable upside objective. Weekly close support is found at 3.57, meaning that somewhere between 3.42 and 3.57 there is likely to be some buying interest. The 4.20 level has turned into resistance that if broken would likely generate enough buying to take the stock to the 4.70-4.90 level. Probabilities continue to favor the bears.

AREX confirmed with a second green weekly close in a row that the 5.54 close seen 3 weeks ago was a successful retest of the 5+ year low weekly close at 5.16. By the same token, the bulls were unable to generate a close above 6.40, which was the previous 4+ year low weekly close that was broken and that caused this recent move to the downside. The inability of the bulls to close above 6.40, does suggest the stock is at an impasse as the traders await further news or direction from the oil market. Resistance is found at 7.59 (6.98 on a daily closing basis) that if broken would suggest a rally to at least 8.50/8.90, if not up to the $10 level. Support is found at 5.01 and at 4.28. If 5.01 is broken, the bears regain control. The stock closed near the highs of the week and further upside above last week's high at 6.69 is likely to be seen. Probabilities slightly favor the bulls but this week is looking like it could be a pivotal week.

ARNA generated another red weekly close after the announcement of a second stock offering on Tuesday. Uncertainty as to the exact price of the stock offering caused further selling even though it was speculated that the offering was made at $5.00. The stock closed on Friday at exactly the previous high weekly close at 4.53, meaning that the close next Friday will be pivotal in determining whether the stock is still in a downtrend or at least a sideways trend. The stock did close below the 200-day MA, currently at 4.90, the 200-week MA, currently at 5.30, and also below the previous high "daily" close at 4.70. Nonetheless, the bears will need to confirm all those breaks with further downside the entire week. The stock did close on the lows of the week and further downside below last week's low at 4.50 is likely to be seen on Monday. Nonetheless, by Monday the offering price should be known officially and it behooves the bulls to generate new buying interest from the "get-go", starting with a green close on Monday, above 4.70 and further upside the rest of the week, as well as a close above 5.30 next Friday, or the bears will gain an edge. Any green close during the week above the 200-day MA, currently at 4.90, should generate new buying interest.

ENG made a new 12-week weekly closing low on Friday and continued the attempt to close the gap at 1.59. Nonetheless, for the second week in a row, the bears were unable to generate enough selling interest to take the stock down another 6 points to close the gap. The stock did close on the lows of the week and the probabilities do favor the gap being closed this week, which would take some bullishness away from the chart but would not be sufficient to turn the stock negative. Support of consequence is found at 1.50 and if the gap is closed that level would be unlikely to get broken as the stock previously traded down to that price for a period of 2 months without the bulls being able to break the support. A rally above last week's high at 1.73 would suggest that the downside sell pressure is abating. Nonetheless, the bulls still need to generate a rally and "close" above the now decent intra-week resistance at 1.88/1.90 that does include the 200-week MA, currently at 1.87, as well as the highest weekly close for the past 7 weeks at 1.90. Probabilities still favor the bears this week.

FCEL, just like AKS, failed to follow through on the previous week's spike drop and close on the lows of the week. Nonetheless, the bulls were not able to accomplish anything either, having still generated another red close in the lower half of the week's trading range, though still in the 1.11 to 1.14 weekly close support level that seems to be pivotal for the stock. Volume and movement the last 2 days of the week dropped down to the lowest level seen in a year, suggesting that the selling interest has come to a standstill, and as such further movement in the stock in either direction will likely have to come from outside sources or from the earnings report that is still not due out for another 6 weeks. The 1.18 level is now considered resistance and the 1.02-1.04 level support. Probabilities slightly favor the bears because the stock is still in a short-term downtrend, but at these prices it is unlikely that the selling interest will dominate.

FSLR generated a positive reversal week, having made a new 16-month intra-week low and then closing in the green and near the highs of the week, suggesting further upside, above last week's high at 43.09, is likely to be seen this week. The reversal was even more meaningful given that oil prices generated a red weekly close, suggesting the stock may be detaching itself from mimicking what oil prices do. Resistance is found at 43.00, from the 200 60-minute MA, at 44.44 from the most recent intra-week high, and at 45.21, the high for the past 8 weeks. A daily and weekly close above 45.21 would suggest the downtrend is over and that a short-covering rally, likely up to at least to the $47 level or even up to the psychological resistance at $50 will occur. Intra-week support is now found between 39.88 and 40.54 (40.84 on a daily closing basis) that should now be used to institute new long positions or to average down on existing positions, using a 39.06 stop loss. Probabilities favor a rally this week up to the 44.44 level and a drop down to at least the 40.84 level.

PACB made yet another new 41-month weekly closing high on Friday (closed at 7.88), having closed above last week's weekly closing high at 7.86 as well as above the high weekly close seen 6 weeks ago at 7.83. Nonetheless, the fact that stock has only been able to generate further weekly closing upside of 5 points over the past 6 weeks does suggest that the uptrend has stalled and that further positive news is needed to generate another leg up. Likely pivotal but still minor support is found at 7.36 and resistance at 8.19 and stronger at 8.77. The stock is likely to have another uneventful week with a trading range between 7.70 and 8.15. Any break above that trading range, either to the upside or downside, is likely to see some follow through. The probabilities continue to favor the bulls but it is evident that the traders are looking for some catalyst to help them decide what direction to take from this level.

QRVO made a new all-time high this past week, having gone above its merger high at 71.99 seen 15 trading days ago. The stock closed near the highs of the week and further upside above 74.34 is expected to be seen. The stock shows no resistance above as QRVO but as the previous pre-merger name of RFMD, the stock will show some resistance at the $80 level, which would be the $20 level as the previous name. The $70 demilitarized zone (69.70-70.30) will now be seen as support, perhaps even pivotal support. Probabilities favor the bulls.

VHC generated a green weekly close on Friday, after 4 weeks of red closes. The green weekly close makes the previous week's close at 5.19 (4.66 on an intra-week basis) into a successful retest of the previous low weekly close at 4.52, that was in turn a successful retest of the 5-year low weekly close at 4.09, suggesting that the stock has now built a decent support/bottom for an attempt to get out of the 30-month downtrend. The stock closed near the highs of the week and further upside above last week's high at 5.55 is likely to be seen. Resistance is found at 6.12, that includes the 100-day MA, and stronger at the 4-month high at 6.80/6.85. Probabilities favor a rally to 6.12 and then a small pull back down to the 5.50 level. Support is found at 4.80 and at 4.66 that if broken would be considered a negative sign. Probabilities favor the bulls this week.