AU generated a 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 25.27 will be seen this week. The green weekly close does take away from whatever ammunition the bears had obtained the previous week and does put the stock into a pivotal week where the economic reports that come out this week are likely to have an impact. The double high on the weekly closing chart at 25.50/25.53 (25.73/25.76 on the daily closing chart) remains an important obstacle for the bulls to overcome. Short-term pivotal daily close support is found at 23.32. Which ever of those two (resistance and support) are broken first, will give an advantage to whatever side wins. Some decision should be made by Friday.

ENG did generate a "small" negative reversal week, having gone above the previous week's high but then closing red and near the low of the week, suggesting further downside below last week's low at 1.38 will be seen this week. Nonetheless, the reality is that it was an uneventful week as the stock closed $.02 cents below the previous week's close and nothing was broken in either direction. It seems likely that the traders are waiting to see what the market is going to do this week, given all the important economic reports that are scheduled for this week. 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. To the downside, any daily close below 1.25 would give the bears new ammunition. The probabilities do still favor the bulls slightly.

FSLR generated yet another green weekly close (the 5th in a row) and did close near the high of the week, suggesting further upside above last week's high at 80.45 will be seen this week. There is minor intraweek resistance at 81.80 but above that level there is open air to 89.20. There is some "very minor" intraweek support at 75.95 and then pivotal at 70.52. The bulls are presently in control and there doesn't seem to be any "black clouds" on the horizon, unless the Oil market takes a dive. Probabilities favor the bulls.

NEM made yet another new all-time weekly closing high and closed in the upper half of the week's trading range, suggesting further upside above last week's high at 80.20 will be seen this week. The green weekly close (and new all-time weekly closing high) means that the previous week's close at 73.96 has become a successful retest of the previous all-time weekly closing high at 73.53. It also means that the 73.53/73.96 level (on a weekly closing basis) has now become the "new and pivotal" support level, which also in turn gives the bulls a level close by they can use to buy more shares with a small risk factor. The chart is very bullish right now with no resistance above until the psychological resistance between $97 and $103 is reached. Probabilities favor the bulls.

PLNHF generated a 70% spike up type rally from the previous week's close to last week's high, having gone from 2.07 to 2.94 last week. The range of the rally was mostly on the news that Congress will be considering this coming week or two, the passing of a Marijuana legalization edict for the U.S. Nonetheless and prior to the news, the stock had already broken above the intraweek resistance at 2.70, meaning that the stock was already rallying on its own. In the end though, the bulls were unable to make any kind of a statement, having still closed below the weekly close resistance at 2.62/2.79 (closed at 2.51). The stock did close exactly in the middle of the week's trading range, meaning an equal opportunity to go above last week's high at 2.94, as well as going below last week's low at 2.07. This is likely to be dependent on the bill in Congress, even though the reality, the bill not passing is not likely to be as negative as the bill passing being a positive. Enough positive action in having built a bottom to this downtrend has occurred. On a daily closing basis, a close above 2.70 would clearly tilt the balance to the bulls. There is no close by level to the downside (on the daily closing chart) that would tilt the balance to the bears.

PRTS generated (technically) a negative reversal week, having gone above the previous week's high and then closing red and on the low of the week, suggesting further downside below last week's low at 6.88 will be seen this week. Nonetheless, the rally above the previous week's high by only $.04 cents does not make it into a true reversal week. Nonetheless, a new 22-month weekly closing low was made (6.93 vs the previous one 2-weeks before at 7.07) and that is a negative given that 3 weeks ago the 200-week MA was broken to the downside and then the break retested with last week's close at 7.49. As such, this new low weekly close is suggestive that the downtrend continues. On a positive note though, the stock remains above the intraweek low seen 3 weeks ago at 5.90 and if the stock does get below last week's low at 6.88 but does not break that low and then reverses to the upside the following week, a required/needed successful retest of the low will have occurred. In that scenario, new buying interest will be seen. As such, I am planning to add to my purchase around the 6.59 area, using the original stop loss point at 5.80. Probabilities do favor the bears this week but overall, I do believe this stock is bottoming out and a recovery rally is to occur soon.

SCCO generated a new 10-month intraweek high and a new 12-month weekly closing high and did close near the high of the week, suggesting further upside above last week's high at 78.72 will be seen this week. The all-time weekly closing high is 79.42 and with the stock having closed at 77.66 on Friday, the bulls are now committed to making a new all-time high this week or face a decent profit taking run down. This is especially true considering that the stock gapped up on Monday (and on the weekly chart) between 74.35 and 74.95 and that gap is an absolute magnet if not followed up with another gap or a new all-time high. On a daily closing basis, the all-time high is at 81.41, meaning that is what the traders will be shooting to reach and break this week. On a very positive note, Monday's gap did create a breakaway/runaway gap formation on the daily chart and presently, a bullish flag formation is in place, with the flagpole being the straight up rally from 67.30 to 79.42 and the flag being the trading seen the past few days down to 75.77. A break of the top of the flag would give an objective of 87.89, to be reached within 6 days after the top of the flag is broken. A stop loss can now be placed at 74.35. Probabilities favor the bulls.

SNDL generated a spike up rally, having appreciated 42% in value from the previous week's close to last week's high. The stock closed near the high of the week and further upside above last week's high at .891 is expected to be seen this week. The stock convincingly broke above the 200-day MA, currently at .684, and now has open air above until the .96 level is reached, which is a resistance that is highly midterm pivotal, given that a break of that resistance would offer open air to 1.26. This is a stock with a high level of shorts involved and the news of Congress considering making Marijuana legal, sometime over the next couple of week, could make this stock more double in price in a short period of time if that does occur. The .65-.69 area is now the new support level that should not be broken unless negative news comes out.

VNET generated a mixed week, having extended its rally (above last week's spike up rally) with another green close. Nonetheless and in spite of having broken out of a bullish flag formation that called for much higher prices, the stock negated the breakout and did close in the lower half of the week's trading range, suggesting further downside below last week's low at 6.14 will be seen this week. Overall, this is not a negative to the chart as a retest of the 3.51 low was expected to be seen before the bulls stepped in to buy. As such, the action last week was disappointing from the point of view that the bulls don't "yet" have the edge but then again, that was more of a possibility than a probability. The original desired entry point into the trade remains around the 5.00 mark, meaning that if the stock doesn't automatically move higher at the beginning of the week and above last week's high at 7.94 (not expected), the small profits involved should be taken and then look to reenter the trade at the original desired entry point. Otherwise, everything stated in the original mention given last week, remains the same.

ZLAB has rallied 46% in value over the past two week, from the low seen 2 weeks ago to the high seen last week. On the daily chart, the stock did generate a failure signal against the bears, having closed above the previous multi-month low daily close at 42.03 on Monday and that failure signal being confirmed by 4 more additional closes above that level the rest of the week. Nonetheless, the bulls failed to make the same kind of a statement on the weekly chart, as a close above 43.42 was needed to be seen on Friday and it closed at 42.31. The stock did close in the lower half of the week's trading range, suggesting further downside below last week's low at 37.58 will be seen this week. Nonetheless, such an event happening would not be considered a negative, given that the stock has been on a 14-month downtrend in which 87% of value has been lost. As such, a retest of the 25.74 low seen 3 weeks ago is required/needed before the bulls step up in a bigger and more concentrated way. Any drop below a previous week's low would accomplish such a goal, as long as no new low occurs and a rally the following week above the previous week's high occurs. Potential downside target on a daily closing basis is 38.23. There is established support at that price. Probabilities do favor the bears this week, at least for some intraweek weakness, but the recent low at 25.74 was likely an extreme downside low that the fundamentals do not support breaking. As such, it would not be surprising if at the end of the week, the stock closes green.