AU generated a green weekly close, suggesting the recent 2-week down draft is over. The stock closed in the upper half of the week's trading range, suggesting further upside above last week's high at 20.62 will be seen this week. If the stock goes above last week's high this week, last week's low will be the 2nd successful retest of the 200-week MA (currently at 17.95) and that should give the bulls further ammunition to continue high and on to the next upside resistance area at 13.85, which is an area that is longer term pivotal. Intraweek support remains at 17.92 but if the stock gets above 20.62, the support will rise to 18.73 (last weeks' low). Overall, the chart has a positive outlook.

BTZI generated a positive reversal week, having made a new 2-week low and then closing green and near the high of the week, suggesting further upside above last week's high at .045 will be seen this week. The stock did show weakness at the beginning of the week, having broken the intra-week support at .034 (last week's low was .02) but in the end (and at the right time), the bulls were able to prevent the bears from getting their edge back. It is important to note that this close was accomplished in spite of Bitcoin dropping down additionally last week and with Bitcoin now close to an area of support of some consequence and likely to rally from here on in, it could be what the bulls in the stock need to generate new buying interest fundamentally. Intraweek resistance is not found until .061 is reached and then pivotal at .083. Support is now found at .02. Probabilities favor the bulls.

CALM generated a wild week in which the high of the week was seen on Thursday and the low of the week on Friday and overall, the trading range for the week was higher and lower than what was seen the previous 2 weeks. This kind of action would normally be because of some new fundamental piece of news was released that changed the outlook. Nonetheless, there was no news, suggesting it was probably the quadruple witching day on Friday (option expiration day) that brought all the action. Overall, the stock generated a red weekly close but then only by $.07, suggesting the week was overall uneventful. One thing it likely did is make last week' trading range short-term pivotal. The high of the week was 37.49 and the low of the week was 35.15 and a break of either will likely push the stock down in that direction for the rest of the year. Overall though, pivotal intraweek resistance is found at 38.09 and pivotal intraweek support is found at 34.29. Probabilities favor the stock trading in that range until something catalytic comes out.

CHUY made a new 11-month intraweek low at 26.42 but then turned around to close in the upper half of the week's trading range, suggesting further upside above last week's high at 29.00 will be seen this week. The 8.9% recovery at the end of the week does take on some new meaning, given that the 200-week MA is currently at 26.45 and if the stock gets above last week's high, that line will have been tested successfully. Such a successful retest of that important longer term line, is likely to bring in some short-covering action of consequence. Pivotal intraweek resistance is found at 30.34, which if broken would open the door for a rally at least up to 33.85. Last week's low at 26.42 should now be seen as pivotal support, which if broken would suggest the bears are in control.

ENG generated a new 56-week intraweek and weekly closing low but did close in the upper half of the week's trading range, suggesting further upside above last week's high at 1.65 will be seen this week. The stock closed below the 200-week MA, currently at 1.59 but it was only by $.05, meaning it was not a "clear" break of the line. If the stock closes above 1.59 next Thursday, it will be considered a successful retest of the line. The low of the week was 1.41 and a break below that low would now be considered a negative statement. Pivotal intraweek resistance is found at 1.82. A break of that level would signal that the bottom of this move down has been found.

IDCC generated a positive reversal week, having made a new 6-week intraweek low but the going above the previous week's high and closing green. The stock closed in the upper half of the week's trading range, suggesting further upside above last week's high at 71.99 will be seen this week. If the stock does go above last week's high, it will make last week's low at 66.09 into the 2nd successful retest of the 200-week MA and likely generating new buying interest that there are no scheduled economic or earnings events during the next two weeks to give ammunition to the bears. One important fact is that the stock closed just below the 200-day MA, currently at 70.32 (closed at 70.07) and if the bulls are able to close above that line this coming week, that will be a strong sign that the stock is heading higher. The stock has traded below that line on 14 of the past 15 days and a confirmed close above the line would be a clear positive. Minor intraweek resistance is found at 72.88 and strongly pivotal at 74.27. A break of that level will open the door wide for a rally to $80. Pivotal intraweek support is found at 65.79. Probabilities favor the bulls.

NEM generated a positive reversal week, having made a new 2-week intraweek low and then turning around to make a new 19-week intraweek high. The stock closed in the upper half of the week's trading range, suggesting further upside above last week's high at 60.57 will be seen this week. If the stock does go above last week's high, last week's low at 53.16 will become the required/needed retest of the double low on the intraweek chart at 52.33/52.60 and would give new ammunition to the bulls to generate a recovery rally of consequence. There is minor intraweek resistance at 63.46 and again at 64.71 but if this breakout is confirmed, the upside target would become 68.45-72.22 area. The important level to watch this week is 60.84, which is where the 200-day MA is currently at. The stock has traded below that line for the past since July and a confirmed close above the line would give the bulls short-term control. On a daily closing basis, support should now be found at 57.91. Probabilities favor the bulls.

SNDL generated a green weekly close and closed in the upper half of the week's trading range, suggesting further upside above last week's high at .6245 will be seen this week. Nonetheless, the bulls were not able to accomplish anything of note given that the stock remains below the previous low weekly close support at .643. On a positive note, medical Marijuana started to be featured in the media this past week and that could start bringing attention to the industry. As it is, it has been expected that the Cannabis market will start to move back up in 2022. There is short-term pivotal intraweek resistance at .639, which if broken would suggest a bottom to this move down has been found and open the door for a rally up to the .77 level. Intraweek support is now found at .525. Probabilities favor the bulls.

SRUTF made a new all-time intraweek low at .0243 but then rallied to close near the high of the week, suggesting further upside above last week's high at .032 will be seen this week. The important thing is that the bulls were able to keep the stock from making a new all-time weekly closing low, given that the stock closed at .0289 and the all-time low weekly close is .028. With medical marijuana starting to be featured in the media, the chances of the low for this move down having been made has increased. Pivotal intraweek short-term resistance is found at .034 and pivotal mid-term resistance is at .0505. Probabilities slightly favor te bulls.

ZLAB was the big story this week among held stocks. The stock generated a positive reversal week, having made a new 21-month intraweek low and the closing green and on the high of the week, suggesting further upside above last week's high at 73.67 is expected to be seen this week. The stock generated a 33% rally from the low to the high of the week and the stock did close above the 200-week MA, currently at 67.84 (closed at 73.31), meaning that if another close above 67.84 occurs next Thursday, the stock will show a successful retest of the line. Such action should bring in a recovery rally (perhaps even a strong one). This is a stock that still shows rating companies valuing it at over $200 and having dropped to 49.41 was more about momentum than fundamental weakness. On the weekly chart, there is no resistance above until 89.48 is reached and that level is minor resistance. On the daily chart and on an intraweek basis, there is very minor but short-term pivotal resistance at 77.67. A rally above that level will mean a bottom has been confirmed. Intraweek support will now be found at 60.47. It is possible that just like the bears took advantage of the momentum to the downside to drive the stock down 72% in value over the past 3 months, that the same could happen in reverse with the bulls taking advantage of momentum (if it can be established this week). Probabilities favor the bulls.