AU made a new 16-month intraweek high the previous week but the bulls were unable to confirm the breakout on the weekly closing chart and the stock has fallen back from that high a total of 15.6%. The stock closed on Friday in the lower half of the week's trading range, suggesting further downside below last week's low at 22.78 will be seen this week. On a negative note, the stock now shows a double high on the weekly closing chart at 25.50/25.53 and that suggests that the bulls need a positive fundamental change to occur to break that level. Such a change is not likely to occur until the next set of economic reports come out the first 2 weeks of April. Nonetheless and on a weekly closing basis, the stock shows support at 22.75, which does include the 100-week MA. It is also unlikely that level will be broken during this period of time. Short-term pivotal daily close support is found at 21.84, while pivotal daily close resistance is found at 25.76. Probabilities favor the stock trading between 22.75 and 25.50 for the next 2-3 weeks.

CVE generated a new 5-week intraweek low, having dropped 16% from the previous week's high to last week's low. Nonetheless, the stock rallied to close just 5% below the previous week's close and close near the high of the week, suggesting further upside above last week's high at 15.80 will be seen this week. In looking at the 6-year chart, the stock has found a level of resistance at 16.84 that is unlikely to be broken without some positive fundamental news that would make Oil go higher, meaning that the stock is now likely to trade between 13.00 and 16.50 for at least the next 2-3 week. The intraweek resistance between 16.07 and 17.23 is copious as there are 6 different occasions (back between Sep 2015 and Dec 2016) where those highs stopped the rally. The purchase of this stock was based on the momentum seen in Oil but since that momentum has stopped, consideration should be given to taking the small profits available (on any rally above 16.00 (existing resistance found at 16.17) and looking elsewhere for now.

DVN has dropped 20.5% over the past 2 weeks (based on the intraweek high and low seen during this time). Nonetheless, the stock did rally from last week's low to close on the high of the week, suggesting further upside above last week's high at 58.63 is expected to be seen. The stock did get close to a level of resistance from Sep 2012 at 63.84, with the previous week's high at 63.10, which in turn suggest that further upside will be difficult to achieve, especially considering that oil seems to have found a top for now. In addition, above 63.86 there is a mountain of resistance around 66.50 and given that support is now found at $50 and that is likely to be seen again in the near future, consideration should be given to liquidating the stock on any rally above the $60 level and taking the small profits achieved. The chart suggests that for the next few weeks, the trading range for the stock is going to the $50 on the downside and 61.30 on the upside.

ENG generated a positive reversal week, having made a new 3-week low and then turning around to close green and near the high of the week, suggesting further upside above last week's high at 1.50 will be seen this week. The stock saw a 55% drop in price from the previous week's high to last week's low due to a worse than expected earnings report that was caused by the Covid-19 pandemic. Nonetheless, the report also stated that things are getting back to normal and that the company expects a significantly positive turn-around year. It does seem that the drop was overdone as the follow through to the downside was minimal and new buying did come in last week. In addition and other than the earnings report, there have been several very positive-to-the-future events/contracts that have occurred of late, suggesting that the company is moving forward and that the present prices do not reflect what the future is likely to bring. The 200-week MA, currently at 1.61, remains the only close by obstacle that is of a pivotal nature. The 200-day MA, currently at 2.01, would be then be the next objective to overcome. That line did get broken the previous week but then the break was negated. Last week's low at 1.15 is the new and pivotal support level. This coming week, it will all be about the 200-week MA on the close next Friday. On a daily closing basis, if the 1.78 level gets broken, the probabilities of the 200-week MA getting broken as well will be high.

FSLR generated a positive reversal week, having gone below the previous week's low and then closing green and near the high of the week, suggesting further upside above last week's high at 78.80 will be seen this week. The stock has now generated 4 green weekly closes in a row (after 16 red weeks in a row) and having gone below the previous week's low, it does suggest that a successful retest of the 61.70 low and of the 200-week MA at 67.01 has now occurred. The previous week's high at 81.80 is pivotal short-term resistance but it is not yet an established resistance, meaning it is minor at best. A break above that level leaves open air above up to 89.20. Further and a bit stronger resistance is found at 91.12, which is the present objective of the mention. Last week's low at 70.52 is now considered support. Probabilities favor the bulls.

PLNHF made a new 21-month intraweek and weekly closing low but on a weekly closing basis, the bulls were able to stay above the 2.00 level that was pivotal support for 2 months in 2018 and for 7 months in 2019. The bulls were also able to close slightly above the midpoint of the week's trading range, suggesting a slightly higher chance of going above last week's high at 2.27 than below last week's low at 1.85. With the overall market leaning to the upside for the next couple of weeks, and there not being any new negative news on the company, probabilities do favor the bulls. Intraweek resistance is found at 2.50 and stronger at 2.70, which the latter shows resistance that is unlikely to be broken without some outside catalyst occurring. The 2.00 level should continue to be support, and also unlikely to be broken for the next 2-3 weeks. Probabilities favor the bulls this week.

SCCO generated a positive reversal week, having made a new 3-week low and then closing green and near the high of the week, suggesting further upside above last week's high at 74.35 will be seen this week. The intraweek low at 67.30 does fulfill the reaching of a support level that is found between 66.41 and 67.80. That area of support has 2 previous intraweek lows, 1 previous weekly closing low and 2 previous weekly closing highs, meaning it is decent to strong and dependable, as far as there being no new news. One positive thing is that it was expected that the stock would generate a "weekly close" in the $67 to $69 level but the close was at 74.41 and it was a green weekly close as the previous week's close was 74.74.07. This is possibly suggestive of a bit more bull strength than the chart suggested previously. Nonetheless, the bulls do have an intraweek level of resistance at 76.62 that will need to be broken this week in order to keep the bulls strength for the short-term. If that level is broken, further upside is likely to be seen with the all-time high at 83.29 at least tested. If not broken this week, more "backing and filling" is likely to occur for the next 2-3 weeks, with a trading range that could be as low as 69.00 and as high as 76.00.

ZLAB generated a positive reversal week, having made a new 35-month intraweek low at 25.74 and then turning around to close green and near the high of the week, suggesting further upside above last week's high at 40.79 expected to be seen this week. The reason for the rally was two-fold 1) the $30 level seems to be a strong fundamental support level from which further downside (like seen last week) is unlikely to be supported and 2) the Chinese government stated this past week that it will strongly support its stock market and economy at this level. On that news, which came out on Wednesday, the stock gapped up and then on Thursday, the bears tried to close the gap down at 30.14 with a low at 32.98. Nonetheless, the bears failed to close the gap and on Friday, the stock went above Thursday's high and closed near the high of the week. If the bulls are able to get above the gap high at 40.79 this week (especially if the stock gaps up on Monday above Friday's high at 40.17, the validity of the gap will be confirmed and a potential breakaway/runaway gap formation would occur. Such a formation would be confirmation that a bottom has been found and that a recovery rally of some consequence is occurring. There is some minor daily close resistance at 42.01 and then nothing until minor intraweek resistance is reached at 54.35/55.09. Pivotal midterm resistance is found at 61.29. At this time, closure of the gap would be a negative as the gap has not taken on the veil of support. Probabilities favor the bulls.