AG generated positive reversal week, having made a new 9-week low but then closing green and on the high of the week, suggesting further upside above last week's high at 16.46 will be seen this week. Nonetheless, no resistance levels were broken, suggesting the stock remains in an overall downtrend with peaks and valleys being seen repeatedly. The stock gapped up on Friday between 15.76 and 16.00 and given there was no news to support the gap, it is likely to be closed. There is a gap above between 16.57 and 16.68 that also has no reason to stay open and closure of that gap is likely as well. Pivotal resistance is found at 17.73 that if broken would suggest the downtrend is over. Given that the probabilities do not favor that occurring, if the stock does move higher this week at the beginning of the week and closes the gap above, consideration should be given to liquidating the positions and looking to re-purchase on a drop back down to the 15.01/15.13 level which is now the support level below. Probabilities do favor the bulls at the beginning of the week.

AU went above the previous week's high and therefore confirming that the previous week's low at 19.64 is now a double bottom on the intraweek chart when put together with the 19.55 low made the first week of March. The stock closed on the high of the week and further upside above last week's high at 23.08 is expected to be seen. The 23.10 level is the 4-week intraweek high and a break of that level will be confirmation that the double bottom is legit. There is quite a bit or intraweek resistance between 23.67 and 24.10 that is unlikely to be broken at this time, before retesting the double bottom with a drop back down to the 22.00. Nonetheless, the stock has now built a decent bottom/support level that is unlikely to be broken without some negative fundamental news (not likely to occur), meaning that it is now expected that over the next 4-6 weeks that a rally back up to at least the 28.00 level is likely to occur. Any rally above 28.48 would be a bull statement. Probabilities do favor the bulls this week but the stock is showing an open gap below at 22.15 that is likely to be closed before any further upside above the 24.00 level can occur.

BTZI generated an inside week in which nothing was accomplished by either side. The stock did close in the upper half of the week's trading range and further upside above last week's high at .149 is expected to occur. The previous weeks high and low at .175 and at .117 are now pivotal levels for each side. A break above .175 would like bring about a rally to .22, while a break below .117 would likely bring about a drop down to the .09 level. New York made Marijuana legal in the State this past week and that suggests the bulls have a defined edge. The chart is "very clear" on the levels in play. Probabilities slightly favor the bulls.

CNX generated a negative reversal week, having made a new 28-month intraweek and weekly closing high and then closing red. The red close was not all that convincing given that it was only by $.28 cents but then again, the stock received a downgrade from "buy to hold" and was given a $16 upside objective and that did deflate the momentum to the upside. The stock did close in the upper half of the week's trading range, suggesting further upside above last week's high at 15.89 will be seen this week. There is established intraweek resistance between 16.09 and 16.42 that is at best minor to perhaps decent but with the downgrade is likely to have more strength. Prior to the downgrade, the upside objective was 17.07. Support will now be found between 13.83 and 14.03 and given that the probabilities now slightly favor the bears because of the downgrade and given that the risk/reward ratio in keeping the positions above the 16.00 level for a rally to 17.00 versus a drop down to 14.00 offers a negative 1-2 risk/reward ratio, my plans are to get out of the positions around the 16.00 level. If 16.43 is broken, then further upside will occur.

CRON technically generated a positive reversal, having gone below the previous week's low at 8.98 (low was 8.96) and then turning around to close green. The stock did close in the middle of the week's trading range, suggesting equal chance of going above last week's high at 9.87 or below last week's low at 8.96. Nonetheless, the green close and news that Marijuana has been legalized in New York, as well as the fact that the bears have been unable to take the stock below the low seen 5 weeks ago at 8.66, does give the bulls the edge. The stock did gap up on Thursday between 9.32 and 9.36 and that gap should be closed on Monday but thereafter, it should all be green. There is no resistance on consequence until the 10.94 level is reached. Like with everything else, it seems likely the stock will trade sideways for the next couple of week, suggesting a trading range between 9.30 and 10.90 will be seen this week or between the next 2 weeks. Overall though, the chart is now slightly favoring the bulls.

ENG generated a positive reversal week, having made a new 4-week low and then closing green. The stock closed very slightly in the upper half of the week's trading range, suggesting a slightly higher chance of going above last week's high at 4.98 than below last week's low at 3.96. The green weekly close did generate a double low at 4.31 and 4.32 and if confirmed with another green weekly close next Friday, would give new ammunition to the bulls. The stock gapped up on Thursday and the gap was closed on Friday, meaning there is no reason for the stock not to go higher this week. If Thursday's high at 4.98 is broken, there is no resistance above until 6.17, meaning that the stock can run a bit to the upside if the 4.98 level is broken. It should be noted that the stock had been trading below the 200 10-minute MA for the previous 8 days prior to Thursday when it got broken to the upside. The breakout was tested successfully twice on Friday and unless there is negative news on Monday (unlikely), the chart is set up for the bulls to take back some control. Evidently, the $5 demilitarized zone is psychological resistance and with the last week's high being 4.98, that level will be resistance this week. A weekly close below 4.31 would weaken the chart. Probabilities favor the bulls.

NEM generated a green weekly close and maintained its recovery rally intact. By the same token, the stock remains under the 200-day MA, currently at 62.05 (closed on Friday at 61.81), and therefore remains in an overall down-to-sideways market. On a daily closing basis, pivotal resistance is found at 62.97 and short-term pivotal support is found at 59.88. Whichever is broken, a $2 movement is likely to occur. With Gold looking supportive for the short term and likely go up, the probabilities favor the bulls.

PGEN generated a 2nd red weekly closing in a row, confirming the break of weekly close support at 7.81 as well as confirming the failure signal when it closed last week below the previous weekly close breakout point at 7.66. Nonetheless, the bulls were able to rally the stock to close near the high of the week and further upside above last week's high at 7.32 is expected to be seen. This rally is likely to retest both of the levels mentioned above. A close next Friday above 7.81 will negate both the sell signal and the failure signal. Any green close below that level will simply be seen as a retest of those levels and if followed by a red close the following week, the retest of the breakdown will be confirmed and new selling interest will be seen. The fundamental view for the company is bullish with the average upside objective of the rating companies following the stock is $13. There are no news releases scheduled, meaning that for now the stock is likely to trade technically. On a possibly strong positive note, the stock got down to the 200-day MA, currently at 6.45, with a low at 6.52 seen last week. With no negative news, that line is highly unlikely to be broken, meaning that a low to this correction has probably been made. A daily close above 7.17 will take some ammunition away from the bears and a daily close above 7.61 will take all of the ammunition away from the bears. Any daily close below 6.45 would be a negative. Probabilities favor the bulls.

RIO technically generated a negative reversal week, having gone above the previous week's high and then closing red. Nonetheless, the red close was only by $.07 cents and the stock closed in the upper half of the week's trading range, suggesting that not only further upside above last week's high at 78.49 will be seen this week but that the action seen this past week was uneventful. As it is, the stock traded in a very narrow trading range of $2.02 cents (between 76.47 and 78.49) and that is the smallest trading range seen in the past 5 months, meaning that the bears seem to have run out of ammunition. There is very minor resistance at 78.49 and then no resistance above until once again very minor resistance is found at 82.50. The next resistance level of consequence is not found until 86.90 is reached. It must be mentioned that the stock has now corrected 19% from its high and that amount of correction is near the max allowed (20%) in a bull market, suggesting the correction is over. The chart also shows established support at the $74 level and established resistance at $90 and with the stock having seen both in the last 6 weeks, the probabilities now favor the stock moving back up again to the resistance level above in an effort to resume the uptrend previously in play. Pivotal intraweek support is found at 73.61. Probabilities favor the bulls.

SRUTF generated a negative reversal week, having made a new 4-week high but then closing red and in the lower half of the week's trading range, suggesting further downside below last week's low at .046 will be seen this week. Nonetheless and for the past 3 trading days, the bulls have been attempting a breakout, having intraweek above the 7-month high weekly close at .0523 and close to the 11-month high weekly close at .0585 with a high this past week at .0561. A weekly close above .0585 would open the door for a rally up to the strong and long term pivotal resistance level at .20. The news for the Marijuana industry keeps getting better as last week New York made weed legal. That should continue to happen nationwide, especially under Biden's administration and this type of action suggests that sooner (rather than later) a breakout is coming to the stock. It is of note that the stock broke and stayed above the 200-day MA, currently .0446, for the past 3 days. This was the 3rd breakout above the line since the line was broken the first time the first week of February. Usually, the 3rd attempt is the charm. Any clear and confirmed daily close above .0485 will generate a new buy signal and get the ball rolling to the upside. Probabilities favor the bulls.

ZLAB did not follow through to the downside this past week in spite of it closing in the lower half of the week's trading range the previous week and ended up with an inside week but a green close. The green close and the news (see below) do suggest the correction is over. The stock closed in the middle of the week's trading range, suggesting equal chances of going above last week's high at 137.25 or below last week's low at 124.63. Nonetheless, the company did get some good fundamental news as one of their drugs for gastrointestinal Cancer was approved last week. The stock was expected to open about $18 higher but only opened about $3 higher and that was a disappointment. Nonetheless, the stock closed green that day, meaning that it is a positive for the company. The stock did gap up that day (Thursday) but did not see follow through and as such, the gap became a magnet. The gap was closed on Friday but the stock did close near the low of the day, suggesting further downside below Friday's low at 129.76 will be seen on Monday. Intraweek support is now found at 127.39 and it could be seen on Monday. By the same token, if the recent low at 124.63 is not broken, the stock should begin to recover immediately as the stock is at important support and the news is positive. Intraweek resistance is found at last week's high at 137.25, then minor at 140.84, and then decent as well as short term pivotal at 150.29. By the same token, all those resistance levels are found in the daily chart. The weekly chart shows absolutely no resistance above until the 160.07 level is reached (previous low weekly close of importance. On an intraweek basis, there is no resistance above until 187.46 is reached. With the indexes moving higher, the stock receiving positive fundamental news, and the stock having held important support, the probabilities strongly favor the bulls. For those not in the stock or wanting to add positions to the stock, purchases should be made between 127.29 and 129.76 and using a stop loss at 124.53 and having at least a $160 objective, meaning that it is a 6-1 risk/reward ratio.