AU generated a new 3-month intraweek, daily and weekly closing low and closed on the low of the week, suggesting further downside below last week's low at 17.78 will be seen. The multi-month daily and weekly closing low was not broken by much, meaning that if a green daily and weekly close above 18.52/18.54 occurs, the break will be negated (stock closed at 17.94 on Friday). The stock did also close below the 200-week MA, currently at 18.25, meaning that if a close above that level occurs next Friday, this break will be erased. If that does not occur, there is no support below until the 17.08 level is reached (on a weekly closing basis). This break is currently only for a short-term outlook as the bears may have only gained a short-term edge but not yet control. A confirmed daily close above the 200-day MA, currently at 19.47, would give the bulls back their edge. Probabilities slightly favor the bears this week.

BTZI continues to trade in the sideways trading range it has been in for the past 2 months. On a daily closing basis, support is at .037 and resistance is at .057. Until one of those levels get broken, the sideways trend is likely to continue. The stock closed at .041 on Friday.

CALM generated a 2nd red weekly close, confirming that the stock remains in a mid-term sideways trend and still in a long term bear trend. Nonetheless, the short-term uptrend that started in August remains in place, in spite of the 9.8% drop in price that the stock has experienced over the past 2 weeks. The stock did generate a positive reversal day on Friday, having made a new 19-day low but then going above Thursday's high and closing on the high of day, suggesting the first course of action for the week will be to the upside. On the daily chart, the 38.00 level is pivotal support and the stock did get down to 38.25 on Friday and turned around, suggesting that the bulls are likely to see further upside this week. The key level to watch is 41.37. A break above that level would suggest the bulls have regained the edge they have had the past 3 weeks. As it is, this stock has been outperforming the indexes and that means that if the indexes go up, this stock will likely outperform them again. Any daily close below 37.85 would be a cause for concern. Probabilities favor the bulls.

DDD generated a new 53-week intraweek and weekly close last week but the bulls were able to rally the stock enough to close slightly in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at 17.60 than below last week's low at 15.33. What is more important is that if the stock goes above last week's high, a successful retest of the 200-week MA will have occurred. The line is presently at 15.12. The MA line was broken to the upside 53 weeks go and a successful retest of the line is a positive. On a daily closing basis, a close above 17.77 will generate a failure signal against the bears and if confirmed with a weekly close above 19.21, it would likely mean that a recovery rally of consequence has started, which would offer a rally back up to the $30 (at least). Failure to generate this failure signal against the bulls, in conjunction with a daily close below 16.03 would be reason to liquidate the positions.

ENG generated a positive reversal week, having made a new 26-month intraweek low but then turning around to close green. Unfortunately for the bulls, the green close was still slightly in the lower half of the week's trading range, suggesting a slightly higher chance of going below last week's low at .75 than above last week's high at 1.07. It is important to note that the stock got down within $.01 cents of a major pivotal support at $.74 cents and with the stock trading below book value and not having any new fundamental negatives, it is highly unlikely that the bears will be successful in making new lows. In addition, the earnings report is due out in 9 trading days (February 10) and the outlook is not likely to support the price being this low. Pivotal intraweek resistance is found at last week's high at 1.07. If that level gets broken, it is likely that a short-covering rally will occur ahead of the earnings report. The 1.29 level remains pivotal on all charts. Until a close above that level occurs, the bears will remain in control or at least with the edge.

FSLR generated a new 8-month intraweek and weekly closing low on Friday, meaning that the stock has now dropped 43% in price over the past 11 week, of which the last 10 of those week have been red closes. The stock closed slightly in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at 69.86 than above last week's high at 79.40. Nonetheless, some buying interest was seen on Friday, given that a positive reversal day occurred and a close on the high of the day, suggesting the first course of business for the week will be to the upside and above Friday's high at 73.90. The stock has reached a level of support of consequence (between $67-$70) which, at this time, is going to require negative fundamental news to break. There seems to be nothing-of-the-kind (negative fundamental news) on the horizon at this time. The 200-week MA is currently at 67.10 and that is a line that has not been broken for the past 20 months. In addition, there is a double bottom on the intraweek chart at 68.07/67.71, which is the formation that caused the rally up to 123.13 to occur. Such a strong support level is unlikely to be broken, especially with the stock being in a strong oversold condition. If the bears fail to take the stock below last week's low, there is no resistance above until 81.87 is reached. Above 81.87 there is mostly open air up to the $90 level. The stock has given a clear signal that a trend change has occurred, given that the stock has fallen more than 20% in value. Nonetheless, a rally up to that 20%-drop level would suggest a rally up to 95.67 (based on a weekly close) can occur and still keep the stock in a sideways or even bear trend mode. It is probable that either a correction low has been found or that the stock is within a few points of such a bottom, meaning that this week could offer a decent opportunity to buy additional shares. The 67.71 level is now pivotal support.

IDCC generated a new 25-intraweek low but the bulls managed to rally the stock enough to close slightly in the upper half of the week's trading range, suggesting a higher probability of going above last week's high at 68.80 than below last week's low at 64.94. The bulls were also able to keep the stock closing above the weekly close support at 66.95, having closed on Friday at 67.03. The 200-week MA at 65.75 was broken on an intraweek basis but the break was not confirmed when the stock closed above the line. The stock has been trading sideways between 73.40 and 66.90 (based on weekly closes) for the past 5 months and there seems to be no reason at this time where that pattern will be broken until the earnings report comes out on February 17th, especially now when it seems that the indexes might rally for the next couple of week. Evidently, a drop below 64.94 would now be a negative of consequence. Minor but short-term pivotal resistance is found at 67.94, which if broken would suggest that a rally up near the 70.84 level will occur. Probabilities favor the bulls this week.

NEM failed to confirm the previous week's breakout, having stayed below the previous week's high and then going below the previous week's low and closing red, as well as closing near the low of the week, suggesting further downside below last week's low at 58.94 will be seen this week. Nonetheless, other than the failure to follow signal given, no support levels of consequence were broken, meaning the probabilities favor the stock trading in a sideways fashion for now. There is intraweek support at 58.29, at 57.87 and at 56.55, with one or all of those levels likely to be seen this week. Any drop below 56.15 would be a cause for concern. The 200-day MA is currently at 60.84 and there is short-term pivotal resistance at 62.18. If both of those levels get broken, the bulls will be back with the edge. The probabilities favor the bears early in the week but some recovery could be seen by the end of the week. Chart suggests that the stock will be trading between 56.15 and 63.45 for the next few weeks.

SNDL made a new 25-month intraweek and weekly closing low but closed in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at .502 than below last week's low at .40. It does need to be mentioned that there was an open gap from November 2020 at .399 that has now effectively been closed. From that gap, the rally started that took the stock up to the 3.96 level. With the gap now closed, there is no magnet to the downside anymore, meaning that if the bulls step up, the stock is likely to rally. Another important thing to note is that the bears were unable to break the weekly close support at .423 even though the stock traded below that level on 3 of the last 5 days. This does suggest that there is a decent possibility that some form of recovery has started. There is some decent and pivotal weekly close support at .471 that if broken would give the bulls a bit of ammunition. Nonetheless, the bulls need to generate a daily close above .56 in order to stop the selling interest. Pivotal weekly close resistance is found at .67.

SRUTF remained in the same trading range (between .02 and .035) that it has been in for the past 2 months. A break of either will generate further and new movement in that direction.

ZLAB generated a new 25-month intraweek low and a new 22-month weekly closing low. Once again, the stock closed slightly in the lower half of the weeks trading range, suggesting a higher probability of going below last week's low at 39.75 than going above last week's high at 50.02. Nonetheless and on a small positive note, the minor weekly close support at 43.06 held up as the stock closed on Friday at 43.42. If a green weekly close occurs this Friday, the chart shows no weekly close resistance above until the 60.53 level is reached. The stock reports earnings on February 8th and all rating companies have the stock as a "strong" buy. At this stage of the game and with the huge drop in price that has been seen, this stock at these prices is a buy and hold scenario.