DD generated a new 18-month weekly closing high. The stock closed on the high of the week, suggesting further upside above last week's high at 78.07 will be seen this week. Nonetheless and on the same scenario as CAT, the breakout was not confirmed on the daily closing chart or the intraweek chart. There is a small mountain of intraweek resistance between 78.40 and 78.98 (5 previous highs there over the past 18 months). On a daily closing basis, the resistance is between 77.79 and 78.08 and with it closing on Friday at 77.97, it does suggest that Tuesday's close is going to be indicative and short-term important. A daily close above 78.08 would open the door for a rally to the $71. A daily close below 77.04 would begin to give the bears some ammunition.

ENG continued to trade sideways, as it has done for the past 10 weeks. On a weekly closing basis, the stock has generated closes at .32, at .317, at .33, at .334, and at .34 over the past 5 weeks. As such, it is evident that nothing has been happening. The stock did report earning 3 weeks ago and that did not help the bulls nor the bears. This means that at this time, the probabilities favor more of the same. The .30 and .40 levels are pivotal. A daily close above or below either one, will likely generate movement in that direction.

LXRX generated a negative reversal week, having made a new 4-week high but then closing red and near the low of the week, suggesting further downside below last week's low at 1.67 will be seen this week. Nonetheless, the 17.7% rally seen the previous 2 weeks do suggest that perhaps the bottom to this downtrend is over and that the fall this past week will end up being the required/needed retest of the recent 14-month low at 1.59. If last week's low at 1.67 is broken but not the 1.59 low, and a green close occurs next Friday, it will likely be the needed retest of the low, which in turn would bring in new buying interest. A break above the recent high at 1.93 would offer an upside objective of 2.70. A break below 1.59 would offer a 1.31 objective.

PLNHF made a new 23-week intraweek and weekly closing high. It close on the high of the week, suggesting further upside above last week's high at .90 will be seen this week. The reason for the rally was that the company agreed to buy VidaCann for $48 million dollars and that allows the company to enter and be competitive in the Florida market. This move did generate a new buy signal on both the daily and weekly chart. In fact, on the daily chart, the stock closed convincingly above the 200-day MA (currently at .775), which is a line that had not been broken to the upside for 25 months (since July 2021). Nonetheless and in spite of the positive action seen this past week, the bulls need to do a bit more to convince the traders that the stock is on a new uptrend. The bulls need a weekly close above .987 to generate a buy signal of longer-term consequence. A weekly close above 1.11 would also generate a failure signal against the bears of consequence. With the new fundamental picture now in place, it can be said the downtrend is over.

TCEHY generated a failure signal against the bears, having closed on Friday, above the weekly close support level at 41.25 that got broken 3 weeks ago (closed on Friday at 42.25). The stock closed in the upper half of the week's trading range, suggesting further upside above last week's high at 42.84 will be seen this week. There is open air above until the 44.88 level is reached. By the same token, the 200-day MA is currently at 43.87 and that is the only level that has a high degree of probability of being reached. To the downside, there is some new intraweek support found at 41.24. A break of that level would give back to the bears, the slight short-term edge that the bulls obtained this week.

TNC moved above the previous week's high and closed near the high of the week, suggesting further upside above last week's high at 84.12 will be seen this week. Nonetheless, the bulls did not accomplish anything of note as this move above a previous week's high is likely to be the required/needed retest of the all-time intraweek high at 87.53. On a daily closing basis, there is a fair amount of resistance around the 84.30, which should not be broken. To the downside, any daily close below 79.96 would trigger new selling interest.

TOL made a new all-time intraweek and weekly closing high and closed near the high of the week, suggesting further upside above last week's high at 84.57 will be seen this week. The news regarding new communities and homes being built by the company continued to come out almost every day this past week and is likely to be the reason that the stock outperformed the index market. This new all-time high suggests that the short positions should have been covered last week but given that there is a fair chance that a seasonal down move in the market begins this week, I held on to the short positions. The new all-time highs across the board has "committed" the bulls to taking the stock higher immediately, given that the breakout was only by $.31 cents and any daily and weekly close below 83.52 would generate a failure signal that would bring in new selling interest. As such, Tuesday's action could be pivotal to the stock.

VWDRY generated a negative reversal week, having gone above the previous week's high and then closing red. Nonetheless, the stock closed exactly in the middle of the week's trading range and the red weekly close was only by $.02 cents, meaning that the reversal may not generate any further downside. If the stock does go below the previous week's low at 7.60, it could end up being the required/needed retest of the recent 10-month low at 7.40. On a positive note and on a daily closing basis, the stock did generate a successful retest of that low, having gone down to 7.60 on Thursday and then a green day on Friday and closing above Thursday's high. The fundamental picture continues to show improvement and at these prices and with analysts rating objectives that give a median upside objective of $56 over the next year, it is possible that the worst to the downside has been seen and that a recovery rally will now begin. Based on the daily chart, the short-term objective is a rally back up to the 200-day MA, currently at 9.20. Any move now below 7.40 would offer a 6.89/7.12 objective.

ZLAB generated a "key" positive reversal, having made a new 10-month intraweek low and then turning around to close green, above the previous week's high and on the high of the week, suggesting further upside above last week's high at 26.82 will be seen this week. What makes this key reversal even more important is that it came off of positive news (the company on Wednesday received breakthrough designation on one of its drugs). Chart-wise, a lot of good things happened: 1) the stock had made a new 59-month low weekly close the previous week and the close on Friday at 26.12 not only gave a failure signal against the bears by closing above that price (at 23.75) but also gave a second failure signal by closing above the most recent low weekly close support at 25.30. 2) the stock gapped up on Wednesday after the report and if that is followed by another gap this week, a breakaway/runaway gap scenario based on news will occur. Such a scenario will strongly support a bull recovery run that would have an immediate objective of 31.30. To finish it off, the Chinese market rallied on Sunday night and gave a failure signal against the bears as well. The index has rallied 6.7% from the lows and did close on the highs of the day, suggesting that tonight (Monday), further upside above Sunday's high at 18929 will be seen today. There is an important gap down at 19030, which if closed, would totally negate the recent drop down to the 17753 level.