AU generated a 22-week intraweek and weekly closing high and closed in the upper half of the week's trading range, suggesting further upside above last week's high at 21.80 will be seen this week. With Gold doing the same this week, this breakout is dependable and means the correction is over. Some intraweek resistance is found at 22.93 and stronger at 23.85, which is likely to be the upside objective of this breakout. Nonetheless and like with Gold, the probabilities favor the stock trading sideways for the rest of the year between 18.04 and 23.85, meaning that consideration should be given to liquidating positions near the top and rebuying them at support. A $6 trading range is large enough to trade the stock (rather than keep the positions for the possibility of higher levels next year. For the time being, support will be found at the 200-day MA, currently at 19.96. The stock broke above that line this week and therefore if the breakout is real (probable), the line should not be broken to the downside anytime soon.

BTZI continued to see some selling pressure, have generated a new 4-week intraweek low and a new 3-week weekly closing low. Once again, the stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at .075. Nonetheless, the stock closed on Friday just above the weekly close breakout level at .078 (closed at .081) and also above the daily close breakout level at .08, meaning that the bulls should see a lot of green this week, starting on Monday. The 200-day MA, currently at .0866, was broken on Friday but the break still needs to be confirmed and if the stock closes above that level on Monday, a confirmation of the break will occur. The chart states that this coming week is very important to the bulls as the downside targets for a retest of the breakout have now been reached and any further downside will erase all the positive action seen the past 5 weeks. In simple words, the bulls need to step up to the plate this week. Any daily close below .08 for 2 days in a row would weaken the chart. Any daily close above .10 would be a signal that the bulls have the edge back.

CALM failed to follow through to the upside, suggesting the bulls still need to do more to get the traders to start buying the stock consistently. The stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 35.87 will be seen this week. This is considered to be one more step in the building of a strong support base from which to launch an attempt to recover from the correction and possibly start a new uptrend. Downside objective for the week is 35.48. I will be considering adding positions at that price. Pivotal resistance is now found at 37.67, which if broken would suggest the stock rally to the 200-week MA, currently at 41.62. With the action the previous week, the bulls have gotten a small edge over the bears.

CHUY did not follow through to the upside off of the previous week's spike high rally after the earnings report came out. The stock did close in the lower half of the week's trading range, suggesting further downside below last week's low at 32.09 will be seen this week. The red week is not yet a sign of anything negative as the previous week's low at 28.50 requires a chart retest before the bulls climb aboard. In addition, the breakout on the weekly closing chart at 33.40 also required a retest. Daily close support is found at 31.53 that should not be broken, if and when the breakout is valid. Daily close resistance is now found at 34.71. If broken, there is open air above until the 200-day MA, currently at 37.39, is reached.

CRON had a positive week in which a buy signal and a failure signal-against-the-bears were generated. The stock made a new 13-week daily closing high and above the previous daily closing high at 5.65 and also closed above a previous daily closing low at 6.17 (from which the drop down to 5.11 occurred when broken), meaning that it is now highly likely that the bottom of the correction has been found. On an intraweek basis, there is open air above until the 8.13 is reached. On the weekly closing chart, the is minor resistance at 6.50 and short-term pivotal resistance at 7.37. The stock closed in the upper half of the week's trading range and further upside above last week's high at 6.76 is expected to be seen. Objective for the week will be the 7.00/7.02 level where there is quite a bit of resistance on the daily closing chart. Pivotal daily close support is now found at 5.47.

ENG generated a negative reversal week, having made a new 4-week intraweek 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 2.28 will be seen this week. The chart remains leaning in favor of the bulls but the action suggests a bit more base building is required before the bulls jump aboard. Even though the weekly chart suggests that the stock will go below 2.28 this week, the daily chart suggests otherwise. Pivotal intraweek resistance is found at 2.76. A break of that level would likely mean a rally up to the 200-day MA, currently at 3.31, would be seen. Short-term pivotal support is found at 2.14. Chart suggests this week will be mostly uneventful with a trading range between 2.38 and 2.47. The 200-day MA is currently at 2.47 and a confirmed close above that line would give the edge back to the bulls and generate a rally up to at least the 2.62 level (if not higher).

MRGE idled all week between .07 and .08 cents without any sign of direction occurring. It seems that for the time being and at this price, the traders will wait for next before venturing in either direction. Intraweek support is found at .06 and resistance at .10. Stock is likely to trade in that range until some new news comes out.

NEM generated a new 10-week intraweek and weekly closing high and closed near the high of the week, suggesting further upside above last week's high at 59.38 will be seen this week. There is pivotal intraweek resistance at 60.13 that if broken, would offer open air up to 62.30. Any weekly close above 62.82 would be a short-term bull statement that would suggest a rally up to $68 would occur. Any daily close now below 56.65 would once again weaken the chart. The 200-day MA is currently at 61.00 and given the strength seen in Gold this past week, it is a decent probability that level will be reached this week.

RIO generated an uneventful inside week but the green weekly close made the previous week's weekly close at 60.62 into a successful retest of the 200-week MA. As such, it can be thought that the correction may now be over and some recovery is to be seen. The stock did close near the high of the week, suggesting further upside above last week's high at 63.14 will be seen this week. Intraweek resistance is found at 64.02, at 65.20 and at 66.53. A rally above 66.53 would be a short-term bull statement especially if a weekly close above 64.22 also occurs. With all the failure signals against the bulls given the past few weeks, as well as the downgrade given to the company, the probabilities favor the stock trading between $60 and $65 for several weeks (or couple of months) until new fundamental news comes out. Nonetheless, the bulls do have the edge this week due to the successful retest of the weekly MA line. Important pivotal intraweek support is now found at 60.17, which if broken would cause the chart to deteriorate strongly. Consideration should be given to liquidating positions between $64 and $65 but any rally above 66.53 would suggest a rally to $70 would occur.

QTWO generated an uneventful inside week but the stock did close near the low of the week, suggesting further downside below last week's low at 83.94 will be seen. It was a bit of a disappointment that the bulls were unable to follow through to the upside given the spike up rally, close near the high of the week the previous week, and the lack of meaningful resistance close by above, suggesting the earnings report was not as fundamentally good as what the action seen suggested it was. As such, the chart suggests that a bit more base building is required before the bulls jump aboard in a bigger way. The 200-week MA, currently at 79.18, is strongly pivotal as the fundamental news that came out should not give any ammunition to the bears to break that line. Nonetheless, there is a good probability of the stock dropping down to that line this week, in the base building effort. Nonetheless, there is some minor to perhaps decent intraweek support at 83.52 that if it holds, the bulls will likely jump back in right away. Upside objectives are 92.34 and 93.90, with the latter being pivotal if broken. It would give the bulls a clear objective of $100. It is important to note that on the daily chart, the stock has built a bullish flag formation with the flagpole being the rally from 74.53 to 89.54 and the flag being the 7-day action with the drop down to 83.94 That low can be broken by a few points and the flag remain in place. Top of the flag is at 89.54, which if broken with the flag in place, will offer a 102.94 objective. Chart is strongly supportive of the bulls longer term, with the only question being what will happen in the short-term.

SNDL reported earnings this past week and they were better than expected. In addition, the company announced a share repurchase program as well. The stock spiked up this week and gained 22% in value over the previous week's close. The stock made a new 4+-month intraweek and weekly closing high and closed near the high of the week, suggesting further upside above last week's high at .96 will be seen this week. The stock closed right at the 200-day MA, currently at .94 and if the bulls are able to establish themselves above the line this coming week, it will be a game changer. On a weekly closing basis, there is weekly close resistance at 1.04 and midterm pivotal at 1.09. A weekly close above 1.09 would open the door for a rally up to the 2.00 level. Daily close support should now be found at .78.

SRUTF continued to trade sideways between .035 and .04 (based on a daily close). That has been the trading range for 90% of the time during the past 16 weeks. Nonetheless, it does need to be mentioned that both CRON and SNDL generated breakouts this past week, suggesting that the stock may be doing the same soon. The high and low seen 8 weeks ago at .0505 and at .0305 remains the parameters for something happening. A break above or below the high and low seen that week will generate movement in that direction. Otherwise, the stock is likely to continue to trade within that range.

ZLAB continued the downtrend, having made a new 52-week intraweek and weekly closing low this past week. This occurred in spite of the fact that the stock reported better than expected earnings on Tuesday. The stock closed near the low of the week and further downside below last week's low at 84.32 is expected to be seen this week. The "continued" down action that has broken many important and pivotal supports is somewhat unexplainable given the future fundamental outlook for the company. Today, I spent over 30 minutes researching analysts covering the company and every single one of them have the stock as a buy with a $195-$206 upside objective for 2022. One company (Walletinvestors.com) gave a 5-year outlook with an upside objective of $389 (more than quadruple Friday's closing price). Other than the amount of cash being spent of preparing the company for what is to come in the near future (as far as developing and marketing its products), I have found no fundamental negatives at all. Chart-wise, there is intraweek support at 80.46 and decent to strong at 71.96. Intraweek resistance is now found at 89.48 and at 95.42 and then nothing until 105.82. It is evident that chart-wise, there are no reasons at this time to be holding the stock. As such, I am approaching this trade as a buy and hold investment.