AU generated another red weekly close and a close in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at 15.28 than above last week's high at 16.72. Nonetheless and with Gold expected to go higher, the selling interest is likely to be low at these levels. As it is, the stock only closed $.32 cents below the previous week's close, suggesting that the bears are easing their selling interest. The downside objective remains a retest of the major low 12.66, which is also the objective based on the inverted flag formation that was broken. The stock did confirm the break of the 200-week MA, currently at 17.23, that had been unbroken to the downside on a weekly closing basis for almost 3 years. As such and with Gold likely to rally this week, a retest of that line is likely to occur either this week or the next. Unfortunately for the bulls, chart damage occurred that is not likely to be reversed unless Gold rallies indicatively so or some new positive news about the company comes out. This means that on a rally back up to the line, cutting losses should be considered. On an intraweek basis, it is possible the stock could rally as high as 18.18 but it is not necessarily likely that it will. I do believe the probabilities favor the bulls "this week" though some weakness could be seen early in the week.

BTZI generated an uneventful inside week with a close slightly above the middle of the week's trading range, suggesting a slightly higher probability of going above last week's high at .073 than below last week's low at .0521. Nonetheless, the stock now shows a double low at .0516/.0521 that will give the bulls some additional support. On a possible positive note, Bitcoin closed above a weekly close resistance level at 46,217, having closed on Friday at 46,792 and if that is confirmed next Friday, it will give the bulls in BTZI additional ammunition with which to break the pivotal intraweek and weekly close resistance at .077/.08. If that does happen, the .10 and even the .12 level are likely to be reached. A rally up to the .077 level is likely to be seen this week.

CNX made a new 7-month intraweek and weekly closing low and closed on the low of the week, suggesting further upside above last week's low at 11.48 will be seen this week. This coming week is very pivotal to the long term chart as the 200-week MA is currently at 11.62 and if another red close occurs next Friday, the break of the line will be confirmed (closed at 11.48 on Friday). The fact that Gold and commodities in general bounced up this past week, does give the bulls the edge from here on out. In addition and other than the lower than expected earnings report a few weeks ago, all fundamentals point to higher prices. As such, there is a strong probability of a positive turnaround this week. There is no intraweek support until 10.78 and even that is minor to perhaps decent, meaning that if the stock is to have a turnaround positive week, it needs to do it from the first day of the week. A drop down to 10.78 with no news scheduled will make it extremely difficult for the bulls to generate a positive week. Short-term pivotal intraweek resistance is found at 12.18. If that level is broken, a rally up to the 200-day MA, currently at 12.70 is likely to be seen. I do believe the probabilities favor the bulls this week.

CRON made a new 9-month intraweek and weekly closing low and closed on the low of the week, suggesting further downside below last week's low at 6.41 will be seen this week. There has been no new news on the company but the Cannabis industry is showing weakness across the board, which is not expected to fundamentally change until next year (2022). The long-term outlook though, suggests the industry will triple in value over the next 4 years. The next level of intraweek support is found at 6.04 and that level is likely to be reached this week but also likely to hold up as it is minor to decent support and with no specific negative news to the company, likely to hold up. If that is the case, a trading range for the rest of the year between $6 and $9 is what the chart suggests will happen. A break below $6 would likely mean a drop down to the $5 level would occur over the next few weeks. On a daily closing basis, resistance is now found between 6.94 and 7.11. A daily close above that level would suggest the worst is over. Probabilities favor the bears this week but it would not be surprising if a positive turnaround happens at the end of the week.

DCTH reported lower than expected earnings and generated a 10.7% drop in price from the previous week's close. The stock closed on the low of the week and further downside below last week's low at 9.15 is expected to be seen. A short-term sell signal was given on the daily closing chart. Nonetheless, neither of the previous intraweek lows at 8.78 and at 8.80 were broken. As such and if those lows are not reached this week, this move down will be seen as a retest of that double low. By the same token and if reached and broken, it will be an additional negative that will require positive fundamental news to negate. One of the reasons for the weakness seen is that one of the clinical trial results that was scheduled for a September release has now been scheduled for October and that brought some new short-term selling interest. This means that if these support levels are broken, the bulls will need that report to be positive but in the meantime the bears will be in control. Given that the chart is very clear and that the bears remain in control at this time, consideration should be given to liquidation if the stock breaks the 8.70 level. Probabilities favor the bears but it could be a positive turnaround week if the support level is not broken.

ENG made a new 9-month intraweek, daily close and weekly close low and closed on the low of the week, suggesting further downside below last week's low at 1.96 is expected to be seen this week. There is a runaway gap from December of last year at 1.75 that the bears will target for closure. If closed, the chart will be weakened as the breakaway gap down at 1.11 will be targeted. If not closed and a positive reversal occurs, new buying interest will be seen. That is the main objective for the week (closure of gap or positive reversal). Pivotal intraweek resistance is found at 2.62. Probabilities favor the bears.

MRGE had an uneventful inside week but did close near the high of the week, suggesting further upside above last week's high at .16 is expected to be seen this week. Pivotal resistance on all charts (intraweek, daily close and weekly close) is now found at .176. Closes above that level will bring in new buying interest. Pivotal support is found at .11. Probabilities slightly favor the bulls this week.

NEM generated a new 23-week intraweek and weekly close low but then closed slightly in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week at 59.90 than below last week's low at 57.96. The open gap on the weekly chart at 59.02 was closed, meaning that downside magnet is now gone. Due to the weakness seen in Gold recently, that magnet had no fundamental reason to remain unclosed. With Gold now likely to go further upward, this stock should recover as well. In fact, this stock should lead the charge if Gold is to go higher. On a daily closing basis, pivotal resistance is found at 60.11/60.30. If the bulls can close above that level any day this week, a failure signal against the bears will be given and new buying would then likely occur. There is a 3rd gap at 61.12 that is likely to be targeted for closure this week if the selling interest has waned. There is no reason for that gap to stay unclosed. A break below last week's low will likely generate at least another $1 down and put the stock at risk of further downside. Probabilities favor the bulls this week.

PGEN reported better than expected earnings and the bulls were able to rally the stock up to the pivotal weekly close resistance at 6.20, having closed on Friday at 6.14. The stock closed near the high of the week and further upside above last week's high at 6.29 is expected to be seen this week. Intraweek resistance in found at 6.65 that broken would open the door for a rally up to a stronger intraweek resistance at 7.28 that includes the 200-day MA, currently at 7.32. That is the level that will decide the midterm outlook for the stock. For this week, a rally up to 6.65 is likely to be seen and some short term decision (for a few days) will be made there. Decent and not likely to be broken support is now found at 5.80. If broken, it would suggest negative fundamental news has come out (very unlikely after the good earnings report). This week is all about the weekly close resistance at 6.20 and again (but lesser) at 6.47. If those levels are broken, the bulls will get their edge back. It is an important-for-the-short-term week. Probabilities slightly favor the bulls.

SNDL generated a new 3-month intraweek and weekly closing low and closed on the low of the week, suggesting further downside below last week's low at .75 is expected to be seen this week. The entire Cannabis industry broke down this past week, meaning this break of support is not company oriented but industry oriented. The future outlook for the industry is positive starting in 2022 but not so much for the rest of the year. Pivotal daily close support is found at .69 that if broken would likely keep the bears in control the rest of the year. Pivotal daily close resistance is now found at .826. If broken, the bulls will get new chart ammunition. The probabilities favor the bears but only for a drop down to the .65 (intraweek low) to .69 (daily close support).

SRUTF made a new 10-month intraweek low and a new 8-month weekly closing low this past week. Nonetheless, the bulls were able to rally the stock enough to close slightly above the mid-point of the week's trading range, suggesting a slightly higher probability of going above last week's high at .0468 than below last week's low at .030. The stock is also in the Cannabis industry and as such, suffering the same ills being seen in the industry this year. Nonetheless, there was enough buying at the low seen this past that does suggest a decent possibility that a low has been made, if and when the bulls are able to get above last week's high and generate a weekly close above .0446. Pivotal intraweek support is found at .025. Probabilities very slightly favor the bulls this week.

ZLAB generated a 2nd green weekly close and did close in the upper half of the week's trading range, suggesting further upside above last week's high at 155.77 will be seen this week. It is important to note that the company reported lower than expected earnings on Tuesday and did sell off a bit off of the report. Nonetheless and in spite of the negative earnings, the bears were unable to break below the 200-day MA, currently at 146.12. In fact, the stock has stayed above the line on a daily closing basis for the past 11 days and if the negative earnings report did not give the bears enough ammunition to break the line during this period of time, there doesn't seem to be much chance they will have any success this week. There is open air above until the 160.00 level is reached (very minor resistance and then 163.94 (minor to perhaps decent but definitely short-term pivotal). As such, the probabilities are high that the stock will rally up to the $160 level this week. Short term pivotal support is now found at last week's low at 144.33. A stop loss can be placed now at 144.23. Probabilities favor the bulls this week.