LXRX generated a positive reversal week, having made a new all-time intraweek low at .96 and then closing green and on the high of the week, suggesting further upside above last week's high at 1.09 will be seen this week. This green weekly close now means that there is a double bottom at 1.07 on the weekly closing chart. It is not yet a clear double bottom as the close on Friday was at 1.08. Nonetheless, the negation of the new all-time intraweek low does suggest it will be a clear double bottom after the action this week. Another positive seen is that the .96 low made Tuesday was then likely retested successfully with the .98 low seen on Friday and the key reversal seen that day. Key pivotal midterm resistance level is at 1.26.

PLNH generated a red weekly close and closed on the low of the week, suggesting further downside below last week's low at .78 will be seen this week. Nonetheless, the 200-day MA is currently at .74 and that was the line that got broken to the upside 6 weeks ago, which is a line that had not been broken to the upside for 24 months. As such, a retest of that line is a normal and healthy event. On an intraweek basis, there is support at .70. With the positive fundamental changes that have occurred recently, this is now a stock ready to be added to, using a .66 stop loss and having a short-to-midterm objective at 1.88. As such, purchasing the stock near .74 and using a stop loss at .66 and having a 1.88 objective offers a 14-1 risk/reward ratio.

SNDL generated another red weekly close (3rd in a row) 1.62 will be seen this week. The stock did generate a failure signal against the bulls, having closed below the 1.73/1.81 area where previous high weekly closes are located. That means, the bulls need to generate a close above those 2 levels next Friday, to negate the failure signal. Another negative is that the stock closed on Tuesday below the 200-day MA, currently at 1.73, and followed that up with closes below the line every day thereafter. Pivotal intraweek support is found at 1.48, a break of that level will give the bears back the control they had over the past 2+ years until September 11th when they broke the line. There has been no negative news that has come out and given that the index market (and the RUT) are likely to go up this week, I believe the bulls will recover. The 1.84 level is now short-term pivotal resistance. Should that level be broken, the bulls will get the edge back.

TCEHY generated a key positive reversal, having made a new 10-month intraweek low and then turning around to close green and above the previous week's high. The stock closed near the high, suggesting further upside above last week at 39.39 will be seen this week. There is no intraweek resistance above until 42.84 is reached, meaning the stock could easily rally to that level if the Chinese market continues the rally that was seen on Friday. In using the daily closing chart though, there is some clear resistance at the $40 demilitarized zone (39.70 - 40.30). The chart does suggest that the viable upside objective is the $42 level and given that the Chinese market has shown overall weakness that is not likely to go away even if a short-term rally occur, I will be looking to liquidate the positions above $42 and take the loss). Any drop now below last week's low at 37.69, would be strongly negative.

TNC generated a green week and a close near the high of the week, suggesting further upside above last week's high at 76.92 will be seen this week. For some unexplained reason (no new news), the bears were unable to generate any new correction lows even though the stock closed on the low of the week the previous week and the indexes did show weakness at the beginning of the week. This does suggest that the stock is now fairly priced. The stock did stay above the 200-day MA, currently at 73.74, even though the stock did get down to the line on 2 different occasions over the past 2 weeks. A retest of that successful test of the line is likely to be seen this week. The 10-minute chart suggests that a drop down to the 200 10-minute MA, currently at 75.12 could be seen before further upside occurs. As such, I will be looking to cover the shorts around that price. Upside target of this likely recovery rally is at least 80.52.

TOL continues lower, having made a 5th red weekly close. The fundamental news that has come out does not favor the Housing industry. The stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 69.34 will be seen this week. Nonetheless and with the index market likely to rally, as well as the stock reaching the first of 2 downside objectives (the $70 level), the probabilities of reaching the 2nd level at 67.35, which is also where the 200-day MA is currently at (at 67.34) has been reduced. The key level to watch this week is 72.16. A break above that level would suggest the stock will not be heading down to the MA. By the same token and closing at 70.98, the risk/reward ratio does not favor the bears at this time, meaning that any drop down to the $70 demilitarized zone (which should be seen) may be reason to consider taking profits.

VWDRY made another new 11-month intraweek and weekly closing low, while at the same time breaking an established intraweek support level at 6.57 with a low made this week at 6.23. Nonetheless and because the index market rallied on Friday, the stock did generate a key reversal "day" on the daily chart as it made its weekly low on Friday and then closing above Thursday's high and on the high of the day, suggesting the first course of business for the week on Monday will be above Friday's high at 6.52. The stock did close very slightly below the midpoint of the week's trading range, suggesting a slightly higher probability of going below last week's low at 6.23 than above last week's high at 6.88. Nonetheless, if the indexes do rally (as expected), that slight probability will not occur. There is no resistance above until 7.19, meaning that it is not all that likely that the bulls will be able to make any kind of a statement other than perhaps a small recovery rally. By the same token, if the stock does get above 7.19, the bulls will get their edge back and have a chance of getting back to the 9.00 level, which is where the 200-day MA is currently at. To the downside and below last week's low at 6.23 and below 6.20 (old intraweek low), there is open air down to 5.69. There is no fundamental reason, or recent news, that supports the stock being down at this price. In fact, the recent news has been mostly positive. As such and if the indexes don't turn downward, this stock has a high degree of probability of rallying from here and in a big way.

ZLAB made a new 11-month intraweek low but then the bulls were able to rally the stock enough to on the high of the week, suggesting further upside above last week's high at 24.31 will be seen this week. The stock did close red for the 4th week in a row but in spite of the new multi-month intraweek low made, both the weekly close support at 22.72 and at 23.75 hold up, suggesting that the worst might be over. This was also supported by the fact that the Chinese index generated an unexpected rally on Friday. There is intraweek resistance at 25.11 (which should be seen this week) and short-term pivotal at 25.68. A rally above 25.68 would suggest this downside move is over and would open the door for an immediate rally to 27.98. Evidently, any move below last week's low at 22.35 would be a strong negative.