BTZI made a new 6-week intraweek low and a new 9-week weekly closing low and closed in the lower half of the week's trading range, suggesting further downside below last week's low at .0335 will be seen this week. This mini break (by only $.02 cents below the previous 6-week weekly closing low) is a short-term statement but not likely one of note. With so much sideways action for the past few weeks but no catalytic news and now with the indexes under sell pressure, the bears won this "likely small" battle. By the same token, there is mostly open air below until the .02 level is reached. It is unlikely to be reached as there are clearly defined signs that a bottom has been formed, suggesting around the .031 level buying should be seen. Pivotal resistance remains at .057. Probabilities very slightly favor the bears this week.

CALM was one of very few stocks that actually gained an edge this past week. The stock gained 4.5% in price (above last week's close) and when compared to the indexes that gained less than 2%, it can be said that the stock outperformed the market. The stock closed on the high of the week, suggesting further upside above last week's high at 41.33 will be seen this week. That level is where a 3-point downtrend line is found, which if broken (and confirmed) for 2 weeks in a row, would mean the downtrend is over. Pivotal intraweek resistance is found at 42.40, which if broken would also be confirmation that the downtrend is over. The previous week's intraweek low at 38.25 is now pivotal support, meaning that the stop loss can now be raised to 38.15, which would lock in profits. Probabilities slightly favor the bulls.

DDD went above the previous week's high and also generated a green weekly close and in the upper half of the week's trading range, suggesting further upside above last week's high at 18.69 will be seen this week. The action means that the 200-week MA, currently at 15.15, has now been tested successfully with the previous week's low at 15.33. Nonetheless and in spite of this positive action, the bulls need to do more before it can be said that a bottom to this recent downtrend has been found. A confirmed weekly close above 19.26 is needed to confirm a bottom has been made. By the same token, a confirmed break on the daily closing chart above 18.24 would increase the chances of the bottom having been found. Any daily close now below 16.03 would give the bears back full control and a close below the 200-week MA would now be strongly negative. The probabilities do favor the bulls this week for higher prices above last week's high but other than that, it is a flip of the coin.

ENG had a mostly uneventful week, having been able to generate a green weekly close but without any resistance being broken and then closing slightly in the lower half of the week's trading range, suggesting a slightly higher chance of going below last week's low at .875 than above last week's high at 1.08. As such, everything remains the same as evaluated the previous week. Pivotal support is found at $.74 and pivotal resistance at 1.29. Like I said last week though, the probabilities are high that a bottom to this downtrend has been found and that some recovery is to come.

FSLR had a big week in which the stock moved 15% from the high to the low of the week. The stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 67.39 will be seen this week. The stock has now generated 14 weeks in a row of red weekly closes and has lost 46% in value. Nonetheless, the stock has now gotten close to the 200-week MA, currently at 67.10 with last week's low at 67.39 and there is no fundamental reason at this time to believe that long term line will be broken. In fact, the stock was downgraded on Friday from an upside target price of $114 to a $91 objective and is what caused the stock to make the 17-month intraweek low. Nonetheless, buying interest came in on the low and the stock actually closed on the high of the day on Friday, suggesting the first course of action for the week will be to the upside and above Friday's high at 71.50. The stock did gap down on Wednesday from 75.90 to 74.21 and there is no reason for that gap to stay unclosed (unless the index market collapses this week). As such, upside action is expected to be seen at the beginning of the week. Pivotal resistance is found at last week's high at 79.40. Intraweek support is found at 59.52. Nonetheless, on a weekly closing basis, support is found at 67.15. Probabilities favor the bulls this week.

IDCC generated a negative reversal week, having gone above the previous week's 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 65.81 will be seen this week. It is clearly evident that the stock is at an important pivotal point with the 200-week MA being the yardstick. The MA is currently at 65.70 and if the previous week's low at 64.94 gets broken, the bears will gain the edge and that would be a valid reason to liquidate and take the loss. Last week's high at 69.25 is now short-term pivotal resistance. The chart suggests that something will happen this week.

NEM generated an uneventful inside week but did close green, meaning that no sell signal was given after the previous week action put the stock at risk f generating one. The stock did close slightly in the lower half of the week's trading range, suggesting a slightly higher chance of going below last week's low at 59.84 than above last week's high at 62.66. It is evident that the traders are waiting to get more information about inflation and the Fed efforts to curtail it. By the same token and given that inflation is a problem and more likely to get worse than better in the short-term, the bulls do have an edge. Evidently, the previous week's low at 58.94 is short-term pivotal support while the recent high at 65.49 is pivotal resistance. Probabilities favor the stock trading "within" that range for the next 4-5 weeks.

SNDL appreciated in price 14.5% this past week, It was a positive note among many weeks of negative notes but the reality is that the bulls did not accomplish anything tangible. The stock did close on the high of the week and further upside above .53 is expected to be seen. Any confirmed daily close above .562 would be a tangible gain as it would generate a failure signal against the bears. Any daily close below .431 would be a strong negative. Probabilities slightly favor the bulls.

SRUTF did make a new all-time intraweek low this week but then only by .001 cent. Nonetheless, the new low was not confirmed by either the daily or weekly closing charts as the .023 level remained unbroken on those charts. Nonetheless, the bears remain with the edge and until something catalytically positive occurs, that is not going to change. The .023 level, on both the daily and weekly closing chart, remains support. On the intraweek chart, the .35 level is pivotal resistance.

ZLAB in spite of having closed near the low of the week the previous week, the bulls were able to prevent further downside and did go above the previous week's high and closed green and in the upper half of the week's trading range, suggesting further upside above last week's high at 54.25 will be seen this week. Unfortunately for the bulls, no resistance levels were broken and with the stock now showing an open gap between 43.50 and 44.13, it seems probable that some weakness will be seen this week. Last week's low was 44.13 and if that is broken the gap will be closed. By the same token, if the previous week's low at 39.75 is not broken, it could end up being the required/needed retest of the low. If all of that occurs, new buying interest will appear. Nonetheless, probabilities actually favor further upside this week with either the $55 or $60 level as the upside objective and "then" a retest of the low and closure of the gap occurring.