AU did nothing this week based on the weekly close, given that it closed just $.07 cents higher than the previous week's close. The bears maintained the edge (or even control) as the bulls have been unable to generate a failure signal against the bears (a weekly close above 17.94), in spite of the fact that the stock has traded above that line on 5 or that last 6 trading days, including Friday. The stock closed "very slightly" in the lower half of the week's trading range, suggesting a very slightly higher probability of going below last week's low at 17.36 than above last week's high at 18.32. The bulls are also facing two negatives this week, inasmuch as the recent intraweek low at 15.87 has not yet had a successful retest of it and secondly, the weekly gap up at 19.00 has not yet been closed even though the bulls have tried to close the gap every week over the past 3 weeks. As such, the probabilities do favor the bears this week. On an intraweek and on a daily closing basis, short-term pivotal support is found between 17.04 and 17.08. As such, the stock can go below last week's low next week and still be in a recovery phase. Evidently, closure of the gap at 19.00 would be a positive for the bulls.

ENG generated a new buy signal on the daily closing chart and a failure signal against the bears on both the daily and weekly closing charts. The stock closed on the high of the week and further upside above last week's high at 1.19 is expected to be seen this week. Once again, the chart is set up for a recovery rally of consequence to occur. It was set up for such a rally 6 weeks ago but then the index market fell to pieces. If the bulls can now get above the 1.39 level, the bears will short-cover and the bulls will enter. Short-term pivotal support is now found at 1.02. A break of that level will once again destroy the base building process that is now built. Probabilities do favor the bulls, especially now that the indexes are recovering.

FSLR generated a new 15-trading day high and closed on the high of the week, suggesting further upside above last week's high at 72.15 will be seen this week. In addition, the stock generated a buy signal on the daily closing chart as well as a failure signal against the bears, having closed above the previous low weekly close that brought about the selling that took the stock down to 59.60. Last but not least, the stock also closed above the 200-week MA, currently at 68.01, meaning that the bears have lost the short-term control they had a few weeks' ago and the stock now seems to be in a recovery phase that offers further upside of some consequence. One short-term negative is that the stock gapped up on Friday between 68.48 and 68.60, which will be a magnet at some point. Then again, the break above the 200-week MA is likely to be tested, meaning that a drop back to the $68 level is highly likely to be seen at some point in the near future. For now though, a rally up to the $74-75 level is likely to be seen first before any retest occurs. It does need to be mentioned that the upside objective of this trade is the 81.87 level, meaning that for now, this is a "tradeable" stock and not a buy and hold stock.Short term pivotal intraweek support is now found at 63.87. Probabilities favor the bulls this week but keeping in mind that this is a tradeable stock, consideration should be given to taking profits above $74 and buying back around $68.

NEM generated a 2nd green weekly close and closed slightly in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at 70.16 than below last week's low at 66.83. The stock did not generate any signals of any consequence, meaning that it was not an indicative week. By the same token, if another green weekly close is seen this coming Friday and above 69.20 (closed on Friday at 68.71, it would give the bulls a new edge. Using the daily chart, a daily close above 72.13 would generate a failure signal against the bears. Some minor daily close support is found at 66.20 that should hold up if the bulls have gained the edge back.

PLNHF did generate a new 24-month intraweek and weekly closing low but did it in a way that was not statement-like as this 1.50 area is full of copious support that goes all the way back to 2019 and that was in place for a total of 10 months. In simple words, the bears remain in control but have no further chart ammunition to take the stock lower, at least not at this time. By the same token, the bulls do not have any ammunition to generate a rally. This was plainly seen by the closes that occurred Tuesday through Friday, which were all within $.05 cents of each other, with the low daily close at 1.46 and the high daily close at 1.51. The low of the week was seen on Friday though but then the bulls were able to rally the stock to close near the high of the day, suggesting the first course of action for the week will be to the upside. If the bulls can get above 1.66 or generate a daily close above 1.63, a rally back up to the $2 level will likely ensue over the next few weeks. Intraweek support will now be found at 1.26.

PRTS generated another green weekly close and did generate a 10% increase in price. The stock closed near the high of the week, suggesting further upside above last week's high at 8.13 will be seen this week. The bulls were successful in closing above the 200-week MA, currently at 7.67 (closed at 7.89) but failed to generate a new buy signal on the weekly closing chart, given that a close above 7.89 was required for that to occur. Evidently, another green close next Friday would accomplish that goal. On another positive note, the stock did generate a buy signal on the daily chart and finds itself trading above the 12-week intraweek high 7.77 that the bulls were unable to break during that period of time with the exception of 2 days right after the better than expected earnings report comes out. This likely means that the bulls have now established that the stock should go higher unless the indexes take another strong move down. Pivotal intraweek resistance is found at 9.00 and pivotal intraweek support is found at 6.45. Probabilities favor the bulls.

SCCO has now recouped 15% in price over the past 10 days and did close on Friday on the high of the week, suggesting further upside above last week's high at 62.80 will be seen this week. The weekly chart shows open air above until 66.90 is reached. Nonetheless and on the daily closing chart, there is resistance at the 200-day MA, currently at 64.00, which at this time is unlikely to get broken. One negative on the chart is that there is an open gap below between 59.13 and 59.35 that will be a magnet unless another gap is seen here on Monday. As such, if the stock gets up to somewhere between 64.00 and 66.90 this week, consideration should be given to taking profits given that the gap will be a magnet and the chart suggests that at some point, a drop back down to the $55 level is likely to be seen. Probabilities do favor the bulls this week but not for more than that. One magnet that does exist to the upside is a down gap between 65.53 and 65.19, meaning that could be the objective to the upside this week.

VET generated a new buy signal on both the daily and weekly closing chart, meaning that the bears have lost the control they had obtained 6 weeks ago. The stock did close on the high of the week and further upside above last week's high at 22.20 is expected to be seen this week. It is important to note that tomorrow (Tuesday) is the monthly close and the stock is having a positive reversal month and is presently trading above the 3-year monthly closing high at 21.02 that was made 2 months ago. This does suggest that the uptrend is about to resume and if that is the case (probably), that the objective is the 25.58 to 26.77 level, which is where the next monthly close resistance is located (which is also seen on all the other charts). On a daily closing basis, pivotal resistance is found at 23.52. If broken, there is open air above to $26. Intraweek support is found at 20.00. Nonetheless and at this time with Oil and Gas looking strong, a drop down to that level would actually be a negative. This does suggest that the bulls will continue to move the stock higher this week and possibly (and maybe even probably), generate a break out.

VNET generated a new 10-week intraweek low but then the bulls were able to bring in some new buying interest to close the stock near the high of the week, suggesting further upside above last week's high at 5.75 will be seen this week. If that does occur, a very important chart event will have occurred, as the island formation will clearly show a successful retest of it (the first since it occurred 10 weeks ago). The island formation is down between 4.67 and 4.29 and the low this past week was 4.45, which was then followed by 3 green daily closes in a row and a rally of 19% from the low, strongly suggesting that it was tested successfully. A rally above last week's high will further strengthen the formation and two daily closes above 5.99 will confirm the retest as successful. Island formations are "extremely" rare occurrences but when they do happen and are confirmed, they signal a major bottom having been built and a trend change of consequence. The high daily closing price for the past 7 months is at 10.01 and that would be the very first objective that an island formation would generate. Nonetheless, island formations mean a trend change and a rally up to only $10 would not signal a trend change. For a trend change to be validated, a rally to at least the 200-week MA, currently at 15.12, would need to occur. As such, if the island formation is confirmed, you are looking at a stock that could easily triple in price over the next 3-6 months.

ZLAB generated a negative reversal week, having gone above the previous week's high but then closing red, below the previous week's low and on the low of the week, suggesting further downside below last week's low at 28.32 will be seen this week. This stock that has been on a major downtrend for the past 52 weeks, dropping from a high of 181.92 to the low seen 3 weeks ago at 24.50. Nonetheless, the stock did show a better than expected earnings report 3 weeks ago that generated a 36% rally from the low and that suggests that a bottom is now in place. It also needs to be mentioned that the major downtrend was not caused by negative news but by increased spending by the company to build/create and put into place a program to sell its health products to the masses. In simply words, funds to expand the business in a big way. As such, the drop in price has not been a future negative but a future positive. Having said that, anytime a stock is in a major uptrend and there has been no "earth-shaking" positive fundamental change, chart retests of the previous lows to confirm a bottom need to be built. Given that the stock made a new multi-year bottom 3 weeks ago, that bottom needs to be tested successfully before the bulls climb aboard and that is likely what is happening now. The previous multi-year low that was made prior to the 24.50 low was 25.74 and as such, a drop down to that level is possible. Nonetheless, it is not probable as the news (earnings report) has shown fundamental reasons to believe that a bottom is now set "without" a need to specifically (and exactly) test those previous lows. With last week's drop, that is now sufficient. What is likely to happen is that last week's low at 28.32 will be broken this week. Nonetheless, the previous low daily close (prior to the low at 24.50) was 27.77 and that is the likely downside objective for this week. There is no resistance above at all on the daily or weekly chart until 38.01 is reached. Nonetheless, on the intraday chart there is pivotal resistance at 31.23 and at 32.60. If those two levels are broken, the chart will suggest that the lows have been tested successfully and that a recovery rally of consequence is to come. It is even possible (maybe even probable) that the stock will NOT go below last week's low and start generating a recovery starting on Monday. A break of those intraday levels would suggest that is the case. Probabilities favor the bulls.