AU generated a new 4-week low and closed on the low of the week, suggesting further downside below last week's low at 19.04 will be seen this week. The stock broke the 200-day MA on Thursday (currently at 19.77) and confirmed the break on Friday, suggesting the recent rally has ended and a sideways trend for the rest of the year is to be seen. There is very decent (to perhaps strong) intraweek support between 17.92 and 18.04 that is further strengthened by the 200-week MA, currently at 17.90. Probabilities of reaching that level are high but very low that it will be broken. The recent high made last week at 22.47 is now likely to be resistance for the rest of the year. That high has not yet been tested but likely will be before the end of the year. A rally back up to 21.80 is probable. As such, at 17.90 to 21.80 trading range for the next 3 weeks is what is expected.

BTZI bulls failed to follow through to the upside after the previous week's strong spike up week. The stock generated an inside week with a red weekly close and a close at what is established weekly close support at .039. The stock did close on the low of the week, suggesting further downside below last week's low at .039 will be seen this week. If that does happen and the bulls are able to generate a green weekly close next Friday, two positives will be accomplished, inasmuch as a retest of the low seen 3 weeks ago will be accomplished, as well as a successful retest of the established weekly close support at .039. On an intraweek basis, support is found at .034 (.0382) on a daily closing basis. As such, it is important for the bulls to maintain this area of support and see mostly green all week. To the upside, there is some resistance at .06. Probabilities favor the stock trading the rest of the month between .04 and .06.

CALM saw no follow through to the previous week's close on the low of the week and generated a green weekly close and in the middle of the week's trading range, suggesting equal chance of going above last week's high at 36.66 than below last week's low at 35.82. The green weekly close does take away whatever ammunition the bears has been able to gather the previous week as the previous week's close 35.76 is now the second successful retest of the multi-year low weekly close at 34.62 seen in August. This does give the bulls "some" new ammunition with which to make some strides to the upside over the next few weeks. Weekly close resistance is decent but pivotal between 36.91 and 37.13. A break of that level would open the door for a rally up to the $41.50 area. It is unlikely that area will be broken during the next 3 weeks but there is a higher chance of the bulls breaking resistance than the bears breaking support. The probabilities do favor the stock trading (on an intraweek basis) between 36.05 and 37.67 for the next 3 weeks.

CHUY generated an inside week and a green weekly close but did close in the lower half of the week's trading range, suggesting further downside below last week's low at 27.95 is more likely that a rally above last week's high at 30.34. The green weekly close at 28.67 was not high enough to generate a failure signal against the bears as the weekly close breakpoint for this recent drop is at 29.16. As such, the action this past week seems more to be a pause in the down action than rather than a recovery starting. On a positive note though, the stock did see a low at 26.88 the previous week and the 200-week MA is currently at 26.45. The lack of follow through and the green weekly close suggest that the line has been tested successfully and if that is proven to be the case, new buying is likely to be seen as soon as that is confirmed (another week or two of trading). Pivotal daily close resistance is now found at 29.91, which if broken would suggest the recovery has started. Any daily close below 27.23 would now be a new negative. Probabilities do favor the bulls building a new support base over the next 3 weeks and a trading range between 28.21 and 31.93 (based on daily closes) be seen during the rest of the year.

ENG generated a positive reversal week, having made a new 55-week intraweek and weekly closing low and then closing green. Nonetheless, the green weekly close was only by $.02 cents and therefore not all that convincing. By the same token and "technically" it does suggest the 200-week MA has been tested successfully and that is likely to bring some new buying interest this week. The stock closed exactly in the middle of the week's trading range, suggesting equal chance of going above last week's high at 1.82 than going below last week's low at 1.49. Whichever of the two occurs, it will be indicative. Pivotal weekly close resistance is found at 1.80 (on a daily closing basis at 1.78). A confirmed close above that level would mean this recent mid-term downtrend is over. Probabilities favor the bulls this week and if a weekly close above 1.80 does occur, the stock could rally as high as 2.35 before the end of the year.

IDCC generated a green weekly close, meaning that the previous week's close at 67.53 is now the 2nd successful retest of the low weekly closing low seen in July at 64.21 and the 2nd successful retest of the 200-week MA (currently at 65.92). The stock did close in the lower half of the week's trading range, suggesting further downside below last week's low at 66.65 will be seen this week. That would put the stock in a fragile situation as any intraweek drop below 65.79 would be seen as a negative. Nonetheless, the chart on a closing basis does show enough support that a breakdown is unlikely. If the bears fail to take the stock below last week's low, a rally back up to 72.88 is likely to be seen before the end of the year. Either way, it is unlikely that much will happen to the stock for the remainder of the year.

MRGE made a new 3-year weekly closing low at .03 (below the previous weekly closing low from February 2019 at .033). Nonetheless, the stock closed near the high of the week, suggesting further upside above last week's high at .0368 will be seen this week and if that occurs and a close above .033 occurs next Friday, it is likely the move down is over. Pivotal short-term daily close resistance is found at .06. It must be remembered that this is a fundamental play on whether an oil pipe line between Mexico and the U.S. is authorized (or not), meaning that the charts do not play any kind of a role in what the stock is going to do. Other than perhaps as an early sign of whether that deal is to occur or not.

NEM generated a green weekly close, meaning that the previous week's close at 54.67 is now the 2nd successful retest of the multi-year weekly closing low at 53.56 that occurred in September. The stock closed in the upper half of the week's trading range, suggesting further upside above last week's high at 56.77 will be seen this week. The stock is showing a bullish flag formation on the daily chart with the flagpole being the 4-day rally from 52.60 to 56.77 and the flag being the move down to Friday's low at 55.23. A break of the flag (above 56.77) will offer a 59.40 objective within 4 days of the breakout. There is no established resistance of consequence on the intraweek chart until 59.47 is reached. Nonetheless, from 59.47 and up to 60.80 (which is where the 200-day MA is located) there is enough resistance to suggest that it won't be broken this year. A drop below 55.23 will break up the flag and change the short-term outlook. As it stands right now, a 55.50 t0 59.40 is what is likely to be seen during the next 3 weeks.

SNDL generated a positive reversal week, having made a new 10-mont intraweek close and then close green and in the upper half of the week's trading range, suggesting further upside above last week's high at .6396 will be seen this week. Nonetheless and in spite of the positive reversal, the bulls still have not negated the break of weekly close support that is at .643, suggesting this past week's rally was more short-covering than the beginning of a recovery phase. Any confirmed daily close above .6034 would suggest the down move has found a bottom. If that occurs, a rally back up to the .77 level would likely be seen before the end of the year. Any break of last week's low at .53 would further weaken the chart. Probabilities do favor the stock trading higher for the next few weeks and a trading range between .55 and .77 be seen.

SRUTF remains under control of the bears as the stock generated a negative reversal week after the previous weeks' green close. The bulls were able to keep the stock from making a new low weekly close, suggesting that there is "some" buying interest around the .028 level. Otherwise, there is no action being seen that suggests the stock is ready to mount a recovery rally. Any daily close above .035 would suggest the bottom has been found. Any daily close below .028 would suggest the bears remain in full control.

ZLAB generated a positive reversal week, having made a new 18-month intraweek close and then closing green. Unfortunately, the green weekly close was only by $.16 cents and the stock closed in the lower half of the week's trading range, suggesting the bears remain in full control and that last week was simply a pause in the action. The bulls need to stay above last week's low at 60.57 and get above last week's high at 73.75 in order to make any kind of statement that the bottom of this downtrend has been found. One possible positive thing is that the stock gapped up on Monday between 65.65 and 65.98 and that gap was not supported with news, and therefore was a magnet for closure. The gap was closed on Friday and that could mean the stock might open higher on Monday and go up from there. Otherwise, the bears remain in full control as the bulls accomplished nothing of consequence this past week in spite of the $13 rally from the lows made earlier in the week. On the other side of the coin, this was the first time in many weeks that any kind of a rally of that amount has been seen. It does suggest that there is some buying interest at the $60 level.