AAPL made a new 7-week intraweek and weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 133.04 will be seen this week. Two minor resistance level were broken and a down gap was closed, meaning that the bearishness that permeated the stock for the past 11-week has gone away. Nonetheless, the stock is near a decent intraweek resistance at 137.98 where chart selling will appear and the break (or non-break) of that level is likely to determine what the stock is to do thereafter, at least until the earnings report that comes out on April 28. A break above 137.98 (which by the way was the mention's objective) will likely take the stock up to its all-time high weekly close at 139.07 and given the strength of the index market, likely generate a new all-time high. On a daily closing basis, there is decent resistance at 134.18. That level is highly likely to be seen this week. If broken, it will give the bulls' new and added ammunition. To the downside, there is now short-term pivotal support at 126.38 that if broken, would be a bucket of cold water on the bulls. As such, a stop loss can now be raised to 126.28. Probabilities favor the bulls.

AU generated a negative reversal week, having made a new 7 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 21.60 will be seen this week. Nonetheless, this is not necessarily a negative given that the bulls were unable to break above pivotal intraweek resistance at 23.85 and another retest of the recent low at 19.64 is now required in order for the bulls to have renewed confidence in buying. Based on the fact that Gold did generate a mini breakout this past week, there is intraweek support at 21.15 that is likely to hold up. As such, that will be the downside objective for this week. Intraweek resistance will now be found at 23.10, which is the upside objective for this coming week (21.15-23.10 likely week's trading range). Pivotal resistance is found at 23.45 that if broken would likely push the stock up to the 200-day MA, currently at 25.48. The 25.48 level is the objective for the next 3-6 weeks. Thereafter, what the stock does will depend on what is happening to the overall market as well as on what is happening to the Dollar.

BTZI made a new 8-week weekly closing low and closed slightly in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at .11 than above last week's high at .144. Nonetheless, the stock closed on the high of the day on Friday and further upside above Friday's high at .1295 is expected to be seen on Monday. If that occurs, Friday's low at .11 will become a successful retest of the 23-day intraweek low at .105 that was seen on March 9th. The Cannabis industry (not just the stock) has been under a slight negative bias for the past 4 weeks but the bears have not been able to break anything of consequence and overall the outlook for the industry is positive under the Biden administration. There is intraweek and weekly close support at 10.5 that if broken would further weaken the chart but if not broken, would suggest the stock will continue to trade sideways until some new news comes out. Pivotal resistance is found at .149 that if broken would fulfill the chart to the downside and new buying would appear. As such and considering last week's trading range, there is room to the downside and to the upside for .005 cents. Anything more than that in either direction will trigger more weakness or more strength. Probabilities do not favor either side this week but ultimately, probabilities favor the bulls.

CNX generated a second negative week after the downgrade from buy to hold occurred. The stock has now dropped 14% from high to low during the last two weeks. The stock closed on the low of the week and further downside below last week's low at 13.72 is expected to be seen this week. Nonetheless, the stock closed on Friday at exactly the previous multi-year high weekly close at 13.83 (closed at 13.82) and that suggests that this week is a pivotal week given that a red close next Friday will generate a failure signal and a green close will generate another successful retest of the breakout level. Chart-wise, this retest of the breakout was expected to happen at some point and that point is now. The downgrade still gave a $16 objective to the upside and though the stock has gotten close to that level (high of this rally has been 15.89), the overall fundamental outlook for the stock remains positive even if no longer bullish for higher prices on the long term. As such, I do expect some buying interest to be seen this week. There is pivotal intraweek support at 13.40 that if broken would give the bears the edge. Daily close resistance is now found between 14.92 and 15.02. Probabilities favor the bulls this week. Nonetheless, any rally now up close to the 16.00 level should be considered as an opportunity to take profits on the trade, unless new positive fundamentals are received. Company reports earnings in 2 weeks on April 29th.

CRON generated another red weekly close, meaning that the stock has now corrected 46% from its high made 9 weeks ago. The stock did close in the lower half of the week's trading range, suggesting further downside below last week's low at 8.55 will be seen this week. Nonetheless and on a positive note, the 200-week MA, currently at 8.45, will likely be reached this week and without negative fundamental news, highly unlikely to be broken. There is some weekly close support between 8.55 and 8.96 and having closed on Friday at 8.88, that support has now been reached. With the MA also involved in this area, the probabilities favor the bulls turning the stock around this week and generating some recovery from the 46% fall in price. A pivotal daily close resistance is found at 9.46. Any daily close above that level would suggest the worst is over. On an intraweek basis, that resistance level is at 9.87. To the downside, there is an open gap at 7.78 that was meaningful to the upside when it occurred and it is a magnet. Closure of the gap is not a given as the gap itself generated a doubling in price and that does not happen unless the gap is meaningful. As such, it is unlikely to be closed. By the same token, if closed, the 200-day MA is currently at 7.73 and there is not enough fundamental reasons at this time for that line to be broken. A drop down to that level would strongly suggest though, that the high at 15.83 will not be broken this year, or at least not until the fundamental picture for the industry and the company changes dramatically to the positive. Probabilities do not favor a drop down to that level and that would suggest that this coming week will be a positive reversal week and the beginning of a recovery phase, if not the restart of the uptrend seen at the beginning of the year. Probabilities favor the bulls.

ENG generated an inside week but the lowest weekly close in 14 weeks, meaning that the bears maintain their edge. The stock closed near the low of the week and further downside below last week's low at 4.06 is expected to be seen. Nonetheless, the 14-week intraweek low at 3.61 has not been broken and the low on 4 out of the last 5 weeks have been 4.07, 4.02, 3.96 and last week's 4.06, suggesting there is established buying interest at this $4 price level. Intraweek resistance is at 4.98 and support is at 3.61. Probabilities favor the stock trading in that range until new news or a catalyst occurs. Overall, the fundamental picture supports the bulls, especially after a 62% correction has occurred.

NEM generated a negative reversal week, having made a new 3-week high and then closing red and in the lower half of the week's trading range, suggesting further downside below last week's low at 60.82 is expected to be seen this week. Nonetheless, the stock remains in a bullish flag formation that offers a 68.71 objective (if and when 63.63 is broken to the upside and as long as the bottom of the flag at 59.26 does not get broken). As such, the stock remains trading sideways and not with any meaningful-short-term outlook. The 200-day MA, currently at 62.18 remains pivotal but recently the stock has been straddling the line. Support is found at 60.77. Probabilities favor more sideways trading for now.

PGEN generated a green weekly close but it was only by $.04 cents so not all that convincing. The stock did close in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's close at 6.77 than above last week's high at 7.67. If that does occur but the recent low at 6.52 is not broken, it could end up being a required/needed retest of that low, which if confirmed would bring in renewed buying interest. More importantly, the 200-day MA is currently at 6.51 and if a second successful retest of that line occurs, it will give the bulls enough ammunition to attempt a 3rd (and likely successful) attempt at breaking above the 200-week MA, currently at 9.79. It is clearly evident by the charts that 6.50 on the downside and 9.80 on the upside are the parameters clearly in play at this time, Evidently, a break of either would be indicative. Trading within that range continues to be the high probability. The 7.67 level is short-term pivotal as above that level, there is no resistance above until the 9.00 level. Probabilities favor the bulls.

RIO generated a green weekly close, confirming that the correction is over. Nonetheless, the stock closed slightly in the lower half of the week's trading range, suggesting a slightly higher chance of going below last week's low at 78.51 than above last week's high at 80.96. There is an open gap down at 78.49 that is a magnet for closure. In addition, a drop below last week's low would likely turn out to be a required/needed retest of the correction low at 73.61. If successful, new buying interest would likely occur. There is established intraweek support at 76.18 that due to the 9% rally from the low, is not likely to be broken and perhaps not even reached. Using the intraday chart, the 200 10-minute MA is currently at 79.53. if the bulls can establish themselves above the line any day this week, this mini correction back down to test the lows will be over. Probabilities favor the bulls but for the beginning of the week, it is expected that the bears will have a small edge.

SNDL generated a new 10-week intraweek and weekly closing low but then the bulls managed to rally enough and close slightly in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at 1.12 than below last week's low at .91. If a green weekly close occurs next Friday, this week's close at 1.00 will be a successful retest of the weekly close breakout level at .97 and should bring in new buying interest. A break below last week's low at .91 will be a negative that would likely thrust the stock down to the .68 level, while a break abov3e last week's high at 1.12 would likely bring about a minimum rally to the 1.30-1.35 level. Probabilities slightly favor the bulls.

SRUTF confirmed the breakout seen on the daily chart the previous week above the daily closing high resistance .0485, having closed above that level every day this past week. The weekly close resistance at .0523 and at .0585 remain in place, meaning that the stock continues to see appreciation in value and support but only on a limited basis. By the same token, this type of action has continued for several weeks, suggesting that ultimately the breakout will occur unless some negative news comes out (unlikely). The other stocks in the Cannabis industry have now reached levels of support that are unlikely to be broken, meaning that a breakout in this stock is likely to happen sooner than later. There is a new daily close support level at .048 that should no longer be broken. Any daily close above .0585 would be a breakout. Probabilities favor the bulls.

ZLAB generated positive reversal week, having made a new 17-week low and then going above the previous week's high and closing green and on the upper half of the week's trading range, suggesting further upside above last week's high at 138.48 will be seen this week. The stock generated a second green weekly close in a row, suggesting the correction is over. There is an open gap down at 129.66 that is likely to be closed this week. Intraweek support is found at 127.39 that should not be broken. Resistance is found at 137.25 and short-term pivotal at 138.48 that if broken, would suggest further upside to at least 146.48. Probabilities favor the bulls.