AMRX, once again, did very little this week as it traded in a very narrow $.15 cent trading range, the lowest trading range in 11 weeks. Nonetheless, the stock did generate a negative reversal week, having gone above the previous week's high and then closing red and near the low of the week, suggesting further downside below last week's low at 1.33 will be seen this week. The stock does show decent intraweek support at 1.31, which should not be broken. The company reports earnings on May 5th and the probabilities favor "more of the same as seen the last 3 weeks" occurring until then. The 1.47 and the 1.48 (last week's high) are now considered pivotal. Any convincing break above that area will leave open air to 1.96. A new low below 1.24 would be seen as a negative.

BABA generated a red week (the first in the last 4 weeks) and did close near the low of the week, suggesting further downside below last week's low at 93.58 will be seen this week. The stock did make a new 19-week low 4 weeks ago and it is likely that this move down is likely to be a retest of that low, as well as building a new support base. On a weekly closing basis, support is found at 91.34. On an intraweek basis, support is found at 86.71.. On a daily closing basis, support is found at the 200-day MA, currently at 91.96. The stock is showing a breakaway gap at 88.22 that should not be closed as it was generated off of positive fundamental news. As such, any drop down to around the $91-$92 level should be seen as an opportunity to add positions, using an 88.22 stop loss. With the objective being the 122.83 level, the risk reward ratio with a purchase around $92, would be 7-1. The present intraweek pivotal level trigger is at 103.24.

ENG generated yet another new 10-year weekly closing low (3rd in a row) and closed near the low of the week, suggesting further downside below last week's low at .35 will be seen this week. Nonetheless, the bulls were able to keep the stock from going below the previous week's intraweek low at .337, meaning that if the stock does get below last week's low but not below the previous week's low, it could potentially be seen as a retest of the low. If that occurs and the stock then goes above last week's high at .406, it would generate a successful retest that would be confirmed if the gap up at .458 is closed. The all-time intraweek and weekly closing low is at .30, meaning that if further downside below .337 is seen, there is still support below.

IR generated an uneventful inside week but did generate a green close, meaning that the previous week's weakness did not generate any follow through. The stock closed very slightly in the upper half of the week's trading range, suggesting a slightly higher possibility of going above last week's high at 57.03 than below last week's low at 54.13. The stock reports earnings on May 3 and the probabilities favor the stock trading mostly within the recent trading range between 58.60 and 54.12 until then. Nonetheless, the 200-day MA is currently at 55.87 and the stock closed on Friday below that line. As such, that line is likely to decide who has the edge (bulls or bears), depending where it closes. The probable trading range for this week is $55 on the downside and $57 on the upside.

PLNHF generated (technically) a positive reversal week, having made a new 4-week low but then closing green (for the first time in the last 8 weeks) and near the high of the week, suggesting further upside above last week's high at .785 will be seen this week. In spite of the positive reversal, the reality is that the stock generated the lowest trading range seen since the first 2 weeks of the stock trading back in 2018 and the weekly close was green by only $.005 cents, meaning that it was not a meaningful week. Nonetheless, what was a bit meaningful is that the low was .71 cents and the low seen 5 week's ago at .698 cents and the reversal will be meaningful if further upside above .785 is seen this week, given that a double low will have occurred. If that action is then confirmed with an intraweek rally above .81, it would suggest the selling interest has waned and that a decent base of support has been built. Such action would likely give the bulls the ammunition to generate a recovery rally. The 1.05 area remains mid-to-long term pivotal. Any drop below .698 would further weaken the chart.

QQQ generated a positive reversal week, having made a new 2-week low but then closing green and near the high of the week, suggesting further upside above last week's high at 320.36 will be seen this week. On a negative note, the stock has not been able to make a new intraweek high for the past 9 trading days in spite of the fact that other stocks and indexes have appreciated in value somewhere between .5% and 1.5%. This means that the high seen 10 trading days ago at 321.63 is pivotal (stop loss at 321.73 should be maintained). The 312.57 level is pivotal support, which if broken, would mean the gap at 308.20 would be targeted and likely closed.

RBLX generated an uneventful inside week but did close in the lower half of the week's trading range, suggesting further downside below last week's low at 44.44 will be seen this week. The stock shows a double high at 47.65 that will require help to break, but if broken would likely generate a rally up to the 53.85 level, meaning a stop loss should be placed at 47.75. To the downside, a break below 44.33 would generate some new selling and a break below 41.11 would cause the stock to drop down to at least the 200-day MA, currently at 38.55. The weekly chart suggest the bulls need fundamental help to break the established resistance and if they do not get it, a drop down to $36 would likely occur. Company reports earnings on May 10th.

TXT technically generated a positive reversal week, having gone below the previous week's low by $.05 cents but then closing green and near the high of the week, suggesting further upside above last week's high at 68.96 will be seen this week. Nonetheless, the positive reversal occurred because the stock got down to the 200-day MA, currently at 67.47, and there was not sufficient negatives to cause that line to be broken. A break above last week's high would likely bring about a retest of the $70 level. Pivotal daily close resistance is found at 70.93. The company does report earnings on April 27th. Pivotal daily close support is at 66.16. If broken, there is open air below to $62.

VET generated the 4th green weekly close in a row, meaning that the selling interest has dried up. Nonetheless, the stock did close in the lower half of the week's trading range, suggesting further downside below last week's low at 13.08 will be seen this week. A required/needed retest on the weekly chart of the 16-month low at 11.93 that was made 6 weeks ago has not yet occurred and therefore if the stock does go below 13.08 this week, that would open the door for a retest to occur. Some support is found at 12.90, which should be seen this week. If that holds up and the stock rallies thereafter, the retest will be successful. If the 12.90 support does not hold up, the next support is at 12.28, which if broken would give the expected recovery rally less of a chance of occurring. With the energy sector presently looking short-term positive, I do expect 12.90 to hold up. A rally above the previous week's high at 13.87 would give the bulls new ammunition and a break of the intraweek resistance at 14.39 would generate a new and significant short-term buy signal that would open the door for a rally up to the 16.25-17.00 level.

ZLAB generated a spike up rally that appreciated the stock 13.5% in value. The stock closed above the established weekly close resistance at 37.76 (closed at 38.57) and did close near the high of the week, suggesting further upside above last week's high at 40.42 will be seen this week. The stock finds itself at an important midterm level of resistance, given that there are 2 trend lines (one of the trend lines being a down trend line and the other an uptrend trend line) that the stock has been trading below for the past 18 months and below for the past 6 weeks. These trend lines connect right around the $40 level and that if broken convincingly, would change the trend to an overall midterm uptrend. One good positive seen the last 2 days of the week is that the stock closed above the 200-day MA, currently at 37.46 on Thursday and confirmed the break with another close above the line on Friday. The stock had been trading below that line for the past 28 trading days and this means the sell pressure seen during that period of time has gone away. The probabilities favor the bulls this week but they do need to take the stock above last week's high and generate a daily close above 40.91. If that does occur, a minimum run up to the $47 level is likely to be seen. Nonetheless, the breaking of the trend lines would open the door for the stock to get up to the 200-week MA, currently at 73.55, within the next 3-6 months.