AMRX generated a positive reversal week, having made a new all-time low but then turning around and closing green and on the high of the week, suggesting further upside above last week's high at 1.43 will be seen this week. The stock did generate a small failure signal against the bears, having closed on Friday above the previous low daily close at 1.35 (closed at 1.39, which does suggest that possibly, a bottom has been found. Nonetheless, such a signal will not be confirmed until the stock gets above 1.47 and closes above 1.43. A drop back down to 1.31 is expected to be seen this week but if that level holds up and the stock then turns around, it will be seen as the needed/required retest of the all-time low. If the stock does generate a new buy signal (a daily close above 1.43), there is open air up to the 1.96 level. In the last 30 days, the buy rating from the experts following the stock (3), have increased from 1 to 2, with 1 still being indifferent to the stock. There is really no fundamental reason for the stock being at this price and with the general market likely to go higher this week (and perhaps for the next 4 weeks), the stock should rally up to the $2 level. As such and for those not yet in the stock, this is now a purchase around 1.32, using a stop loss at 1.20 and having a 1.96 objective. It is a 5-1 risk/reward ratio.

BABA appreciated 15% in value this past week, based on the news the company has decided to split into 6 units in order unlock significant value of the company. The stock gapped up the day after the news and did so exactly at the 200-day MA, which is currently at 92.47, having seen a low on Tuesday (day after report) of 92.06. The stock did close near the high of the week, suggesting further upside above last week's high at 105.05 will be seen this week. In looking at the weekly chart, the stock now shows a completed inverted Head & Shoulders formation with the left shoulder being at 86.49, the Head at 63.42 and the right shoulder at 81.67. The neckline is at 119.86. A break above the neckline would offer an objective of 176.30, which does correspond with a rally up to the 200-week MA, currently at 172.70. Such a rally to the MA is to be expected if the 119.86 level is broken, given that there is no important resistance until the 177.77 is reached. All of these levels are on a weekly closing basis. A second gap up is expected to be seen, given that the 1st gap was off of news. Certainly, a gap up above 119.86 would be the perfect scenario. All of this is also supported by the Chinese Market, which did generate a 2nd buy signal this past week and has an additional 1600 points above where no resistance of consequence is seen (closed at 20400 and has open air to 22000). To the downside, there is support at the $100 level and much stronger between $90 and $92.

ENG generated a new 10-year intraweek and weekly closing low, and did close near the low of the week, suggesting further downside below last week's low at .458 will be seen this week. In both cases though, the new lows were by minor amounts (intraweek by $.002 cents and on a weekly closing basis, by $.015 cents), meaning they are not statements. With the index market likely to be on a rally for the next few weeks, it is unlikely that further downside will occur. The stock did generate a small rally and green weekly close the preceding week, meaning that the traders now have a level that if broken, would generate a new short-term buy signal. On all charts, a rally and close above .58 would generate the buy signal and open the stock for at least a rally to .73. The stock did close near the high of the day on Friday and if it goes above Friday's high at .5134, a potential double bottom will have been built between .46 and .47 cents. Further downside seems unlikely as the stock is trading below book value at $.86.

IR generated another up week and closed on the high of the week, suggesting further upside above last week's high at 58.22 will be seen this week. The stock has rallied 9% over the past 3 weeks but there has been no news to support the rally, other than the fact that its credit rating was taken out of the "junk status" category, suggesting it has all been mostly because of the rally in the index market. There is minor to perhaps decent resistance on the daily closing chart, between 57.97 and 58.22, and on the weekly closing chart, between 57.53 and 58.22. Having closed on Friday at 58.15, it does suggest that a red close will occur next Friday. Pivotal daily and weekly close resistance is found between 59.67 and 59.87. If broken, it would be a short-term bull statement. To the downside, there is minor daily close support at 57.53 and then a bit stronger at 55.90.

PLNHF generated another inside week and totally uneventful, given that it closed at the same price as the previous week. The stock did close 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 .83, this week. Nonetheless, the stock has now seen 5 red weekly closes in a row and last week's even close, but the amount of down movement has been minimal in nature as those 5 red weekly closes have been at .88, .86, .84, .82, at .78 and Friday's close at .78. With the stock having seen a low at .60 and a high at 1.05 just 10-13 weeks ago, it is evident that the traders are not interested in either direction at this time and are awaiting news before making any decisions.

RBLX generated a new 5-month intraweek and weekly closing high and did close on the high of the week, suggesting further upside above last week's high at 45.11 will be seen this week. The stock has appreciated 45% in value during the past 14 weeks. In addition, the stock has seen 10 green weeks and only 3 red weeks during this recovery rally. In spite of all that, the bulls have been unable to break above the high seen 7 weeks ago at 46.05 and much less the high seen 23 weeks ago at 47.67 and even less above the high made 35-weeks ago at 53.88. Simply stated, the bears remain with the edge since August of last year. Nonetheless, the stock is now in a position where some indicative movement is likely to be seen, either this week or the next. A rally above 46.05 will begin to give the edge to the bulls and that is only $1.07 above Friday's close. On the opposite side, a move below last week's low at 41.46, will give the bears additional ammunition. It does seem probable that something indicative but of short-term value will happen this week.

TXT generated a failure signal against the bears this week, having closed above the previous low weekly close at 67.85 on Friday. The stock closed on the high of the week, suggesting further upside above last week's high at 71.01 will be seen this week. There is intraweek resistance between 72.05 and 72.35 that should hold at this time, unless the index market breaks their resistance levels above. The stock shows a breakaway/runaway gap formation with the breakaway gap being between 67.91 and 67.95 and the runaway gap being between 69.85 and 69.88. This formation is not supported by news, suggesting it will be closed. As such, the stock should trade between $72 and $67.70 for the next week or two.

VET generated a somewhat uneventful inside week but did close green and near the high of the week, suggesting further upside above last week's high at 13.19 will be seen this week. On a positive note though, the stock generated a green close above the 200-week MA, currently at 12.45, having closed on Friday at 12.97. What made the stock actions seen this past week even more of note, is that Natural Gas made a new 30-month intraweek low this week. Natural gas did generate a positive reversal week, having made that multi-year low but then closing green and if it goes above last week's high at 2.24, a potential double bottom may be in the building process, given that last week's low was 1.95 and the previous low was at 1.96, which was made 6 weeks ago. The double bottom will be confirmed with a break above 2.71 (Natural Gas closed at 2.21 on Friday). Any further downside below 1.948 would be a new negative. If the stock can get above 13.21 this week, the bulls will get a short-term edge and if the recent high at 14.39 gets broken, the bottom will be confirmed as having been made.

ZLAB made a new 3-week intraweek high and did generate a green weekly close. Nonetheless, the stock closed in the lower half of the week's trading range, suggesting a higher possibility of going below last week's low a 31.72 than above last week's high at 35.68. In looking at the daily chart though, the stock closed on the high of the day on Friday, suggesting further upside above Friday's high at 33.59 will be seen on Monday. If that does occur, a required/needed successful retest of the recent 3-month low at 30.14 will have occurred and if that does happen, it could begin to shift the focus to the upside, especially considering that the Chinese Market has given a buy signal and should move further to the upside. On both charts, a move above 35.68 would be confirmation of everything mentioned above. Any move below 30.14 at this time would be a negative.