AU generated another green weekly close and closed on the high of the week, suggesting further upside above last week's high at 20.91 will be seen this week. The stock now shows 2 confirmed successful retests of the 200-week MA, as well as a double low on the intraweek chart at 17.92/17.78, and now shows itself to be poised to perhaps breakout of the trading range (between 17.78 and 22.47) that it has been in for the past 19 weeks. In addition, the double low has now become strong and pivotal support from which the bulls can buy with confidence. A break above 22.47, will open the door to the next resistance level at 23.85. Probabilities favor the bulls.

BTZI made a new 9-week weekly closing low but the bears failed to do the same on an intraweek basis, suggesting that the stock remains in the same sideways trading range between .03 and .05 that it has been on for the past 8 weeks. The trading range was built on Christmas week with the high and low being seen that week. Since then, neither the high nor the low has been broken. Until one of those two levels gets broken, the stock will continue without direction.

CALM generated a breakout of some consequence given that the stock made a new 10-month intraweek high and a new 18-month weekly closing high, while at the same time breaking a 3-point downtrend line and closing convincingly above the 200-week MA, currently at 41.27 (closed at 42.58). The only thing the bulls were unable to do this past week is get above the 18-month intraweek high at 43.28, given that the high last week was 43.08. The stock did close near the high of the week and further upside above 43.08 is expected to be seen. Nonetheless, if that does not happen on Monday, the stock may move back down to the trendline and MA to test it (both around the 41.30 level). If that does occur, consideration can be given to adding positions at that price. A confirmed breakout of this level should offer a $50 objective, to be reached within a period of 3-6 months. On a daily closing basis, the 41.89 level is now short-term pivotal support. A close below that level will open the door for a failure signal to be given. Probabilities favor the bulls.

DDD generated a 2nd green weekly close but the bulls were unable to make any kind of a statement as no resistance level was broken. The stock did close in the lower half of the week's trading range, suggesting a higher probability of going below last week's low at 17.63 than above last week's high at 19.68. the original purchase price of the stock was 18.71 and consideration can be given to getting out this week around that price if able to do so. The stock has not done anything yet to suggest it will not continue to recover so there are no pressing reasons to get out. Nonetheless and with the market looking to head lower and the possibility of a break down occurring there, the stock has not done enough to the upside yet to warrant confidence that it can go up while the indexes go down. On the other side of the coin, the stock did test the 200-week MA successfully 3 weeks ago and the probabilities do favor a bottom to the recent downtrend having been found. It is likely the stock will head down below last week's low this week and likely make the move into a required/needed retest of the low before beginning a more concentrated effort at a recovery rally. A drop back down to somewhere around 17.47 is expected to occur and if the most recent intraweek low at 16.80 is not broken, the bulls might get a new edge.

ENG generated another green weekly close and made a new 16-day intraweek high but then the stock turned lower to close near the low of the week, suggesting further downside below last week's low at .932 is expected to be seen. With the stock having been in a steep downtrend for several months and breaking all kinds of support levels, it is clearly evident that a successful retest of the recent low at .75 is required before the bulls consider coming back on board. A drop below last week's low would be such a retest if the .75 level is not broken and the stock then goes above next week's high the following week. The stock reports earnings in 4 weeks and it is likely that during this time (until the report comes out) that the traders will be attempting to build a support base from which to begin a recovery. The upside target for the next few weeks is likely to be 1.33 (1.29 on a weekly closing basis). That level is pivotal short-term resistance that if broken would give the bulls back the edge. As such, I do expect the stock to get below .93 this week (probably down to .91) and then start some small recovery rally back up to the 1.33 level over the next 3-4 weeks.

FSLR made yet another red weekly close (the 15th in a row) and did close on the low of the week, suggesting further downside below last week's low at 68.56 will be seen this week. Nonetheless, no new intraweek low was made as the stock had an inside week. The stock did get down to the 200-week MA, currently at 67.10, the previous week with a low at 67.39. As such, last weeks red close is not all that meaningful. The stock reports earnings on February 24 and that is likely to be a pivotal report that should actually be a positive given the 45% drop in price that has been seen the past 4 months, which is not fully supported by the fundamentals. As such, this week the stock should go below last week's low at 68.56 with a drop down to at least 68.07. A new low below 67.39 is not out of the picture either, given that the MA line is at 67.10. Nonetheless and with the 91.00 level being the minimum upside objective in a recovery rally, the risk/reward ratio to the bulls buying here is at least 7-1 in their favor, meaning that the probabilities of further downside of consequence from here are small. This stock should definitely be considered for a purchase this week and using a 66.65 stop loss.

IDCC generated another red weekly close (the 4th in a row and the 6 out of the last 7 weeks) but once again, no support level was broken and the stock remains above the 200-week MA, currently at 65.64 (closed on Friday at 66.26). The stock did close near the low of the week and further downside below last week's low at 65.52 is expected to 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 65.64 and if the low seen 4 weeks ago at 64.94 gets broken, the bears will gain the edge and that would be a valid reason to liquidate and take the loss. The high seen 3 weeks ago at 69.25 is now short-term pivotal resistance. The chart suggests that something will happen this week.

NEM generated a new 25-week high weekly close and closed on the high of the week, suggesting further upside above last week's high at 64.28 will be seen this week. Nonetheless, the intraweek high at 65.49 that was made 4 weeks ago was not broken, meaning that the bulls have to do a bit more to generate another breakout of note. If they do breakout, the objective would be the $68-$70 level. One thing that did happen over the past couple of weeks is that a new pivotal intraweek support level at 58.94 has now been built and confirmed, which in turn means that the traders now have a new level of support they can trust. In addition, the 200-day MA, currently at 60.70, has once again been confirmed as an area where buying interest is found, meaning that the probabilities now favor the bulls unless some negative fundamental news comes out.

SNDL made a new 7-week high and did it in a spike high fashion. A failure signal against the bears was given when the stock closed above a previous pivotal low weekly close support at .564. The bulls came within $.007 of generating a new buy signal on both the daily and weekly closing chart, having closed at .6629 and the resistance being at .67. Nonetheless, the stock did close on the high of the week and further upside above last week's high at .6666 is expected to be seen and if that does happen and a close above .67 occurs, it will give the bulls new ammunition to stage further appreciation. If that occurs, a rally up to the 200-day MA, currently at .7316 will likely occur. Intraweek support of consequence will now be found at .525. Probabilities favor the bulls.

SRUTF remains on "idle" but the bears remain in control. The daily and weekly closing support remains at .023 (closed on Friday at .024). On the intraweek chart, the .35 level is pivotal resistance. With both CRON and SNDL having generated indicative movement to the upside this past week, the probabilities do favor the bulls and some recovery starting.

TRIP made a new 13-week intraweek high but the bulls were unable to yet confirm the breakout when on a weekly closing basis, the stock still closed below the short-term pivotal weekly close resistance at 28.96 (closed on Friday at 28.61). The stock did close in the upper half of the week's trading range and further upside above last week's high at 30.48 is expected to be seen. In using the intraweek chart, support is now found at 26.73, which does have a high chance of being seen this week. The chart is leaning in favor of the bulls but until that resistance area 29.15 on the daily closing chart) is broken, the bears will remain with the edge. Above 30.48, there is open air until 32.61 is reached. Stronger resistance will be found at the 200-day MA, currently at 34.40. Pivotal support is found at 24.36.

ZLAB generated another green weekly close and a close in the upper half of the week's trading range, suggesting further upside above last week's high at 55.90 is likely to be seen this week. There is no intraweek resistance above until 63.95 is reached. The probabilities do favor the bulls getting up to that level at some point soon but the fact remains that the bears are still in control and will continue to be in control until either a successful retest of the 39.75 level occurs, or the 63.95 level is broken. It is difficult to evaluate the chart of "this" stock given that the fundamental picture is strong and the chart picture did not prove to be dependable on the way down (support levels were easily broken). This does suggest that if the stock is recovering, the same could occur to the upside, as far as a retest of the lows not happening and the resistance levels above being broken easily. For now though, it is highly probable that a rally up to the $60-$64 is to occur, so from that point of view, the bulls have the edge for now.