ENG made a new all-time intraweek and weekly closing low at .215. It closed on the low of the week and further downside below last week's low at .02525 is expected to be seen this week. Having said that and considering the 1-8 stock split that did occur 3 weeks ago, using the new price, a drop down to 1.45 (.181) is the target before some new buying is seen. Any rally above 2.10 would change that outlook.

GCI generated a 21% spike up rally this week after it was announcef that Compass Point rating company initiated coverage of the stock with a $5 objective. The stock closed on the high of the week, suggesting further upside above last week's high at 2.48 will be seen this week. There is intraweek resistance between 2.73 and 2.77 that should be reached this week but a pullback back down to 2.34 could be seen immediately thereafter. By the same token, any rally above 2.77 would make the 3.22-3.27 level the objective. The original mention did give this objective for the trade. Having said that and looking at the monthly chart, a close at the end of the month above 2.91 would suggest a rally up to the 4.5-5.4 level would likely occur. Any daily close below 2.25 would weaken the chart short-term.

INTC continued higher this week and the bulls were able to close convincingly above the 200-week MA, currently at 45.11, having closed on Friday at 46.16. The stock did close near the high of the week and further upside above last week's high at 47.24 is expected to be seen this week. Additionally and importantly-so, the stock also generated a major failure signal against the bears, having closed above 68-week low weekly closes between 44.28 and 45.83, which is constituted by a total of 7 previous low weekly closes in that area during this period of time. This failure signal totally negates the 32-month downtrend (22 months since breaking the pivotal support that the stock had been in. Nonetheless and looking at the same chart, there is quite a bit of weekly close resistance around the $52 level, which should not be broken before a retest of the broken support mentions above is tested. This means that the stock should trade between $45 and $52 for at least 6-8 weeks. As such, consideration to taking profits on rallies above $50 should be given.

LXRX generated another green weekly close (5th in a row) but then the green close was only by $.02 cents. The stock did close slightly in the upper half of the week's trading range, suggesting a slightly higher chance of going above last week's high at 1.36 than below last week's low at 1.16. It is evident that the traders of this stock will be watching what the RUT (small cap index) does this week (see RUT chart evaluation above). Resistance is found at 1.43 and support at 1.16. A break above 1.43 will offer a rally to 1.50 and a break below 1.16, will offer a drop back down to 1.00.

MRNA spiked up 23% in value (from low to high) this week on positive news about a Cancer vaccine the company is developing. A positive reversal occurred as the company made a new 4-week intraweek low but then closed green and above the previous week's high. The stock did fall back to close just a bit above the midpoint of the week's trading range, suggesting further upside above last week's high at 94.93 will be seen this week. Nonetheless, that high (and up to the96 level) is where resistance of consequence begins, meaning that high it is possible that the high of the rally has been reached, or close to be reached. The stock did close on the low of the day on Friday, suggesting that the further downside below Friday's low 85.40 will be seen on Monday. There is daily close support at 82.00, which is the daily close level from which this rally to 94.93 began last week. There is a gap down at 78.72 that is supported by the news, meaning that if closed it would be a negative sign. Any rally above last week's high should be considered as an opportunity to take profits.

PLNH generated a red weekly close and closed near the low of the week, suggesting further downside below last week's low at .65 will be seen this week. The stock once again closed below the 200-day MA, meaning that line has lost some of its predictive power given that it has closed on 16 of the last 40 trading days below the line. The downside objective of this move is likely to be the .60 cent level, where there is much established support from intraweek lows and previous daily closing highs seen over the past 12 months. Nonetheless, this move down does not look to be indicative of a change for the overall picture for the longer term. In fact, the company keeps a very positive fundamental picture among Cannabis companies and continues to add attractions that will bring in new buyers of their product, such as the addition of a very well-known, established, and popular tattoo shop to their premises is Las Vegas. This move down seems to be a further retest of the .50 low seen in October, in building a solid bottom as the New Year and new news is sought. VWDRY generated a positive reversal week, having gone below the previous week's low and then closing on a new 26-week high. The stock closed near the high, suggesting further upside above last week's high at 9.60 will be seen this week. The 200-week MA is currently at 9.77 and it is likely to be reached this week. Where the stock closes next Friday is the thing to watch this week. In addition, the $10 level is always a strong psychological level of resistance that usually requires strong conviction by the bulls to break. Decent to strong intraweek resistance is found between 10.16 and 10.47. A break above 10.47, followed by a weekly close above 10.36 would be a breakout of note. Pivotal intraweek support is now found at 8.65. Probabilities favor the stock trading between 9.00 and 10.30 for the next few weeks, if not a couple of months.

ZLAB generated an indicative positive reversal week, having made a new 6-week low and then turning around to make a new 20-week high. The stock closed near the high of the week, suggesting further upside above last week's high at 30.88 will be seen this week. The stock has reached a level between 30.06 and 31.49 that is pivotal on all closing charts (daily, weekly and monthly), which if broken on all 3 would open the door for a 3-6 month rally up to the 200-week MA, currently at 71.71 (which is by the way, the average rating company's objective for 2024)). The stock did close above the 200-day MA, currently at 29.16, on Wednesday and confirmed the breakout with closes above the line on Thursday and Friday. That line, on a daily closing basis, is now considered important support.