DD generated another red weekly close and closed on the low of the week, suggesting further downside below last week's low at 73.95 will be seen this week. The stock has pivotal intraweek support at 73.77, which if broken would open the door for a drop down to the minor intraweek support at 72.45 and then again at 71.81. If that level is broken, there is mostly open air below to the 200-week MA, currently at 66.51. The stock did generate a new sell signal on the weekly closing chart, having closed below the 9-week low weekly close support at 74.64. Nonetheless, the break of that weekly close support was only by $.08 cents, meaning not yet convincing. Daily close support is at 73.89, which if broken would make the gap up at 70.03 a magnet. The 200-day MA is currently at 71.61, which will become the minimum target if a daily close sell signal is given. The monthly chart suggests that a drop down to the $65/$66 level is likely to occur. Any rally above 76.42 would begin to negate this outlook.

ENG "inched" forward this past week, having made a new 13-trading day high and getting up to the 19-trading day high at .35. The stock closed on the high of the week, suggesting further upside above last week's high at .35 will be seen this week. None of this is yet meaningful, given that the bulls need to get above the .40 mark, in order to give at least a signal that a bottom has been found. Nonetheless, it has become evident that the bears have run out of ammunition and at these prices, only a negative fundamental piece of news will regenerate their ability to take the stock lower. This type of action has been seen on 6 different occasions over the past 15 years and on those occasions the stock ended up with a spike rally in which the stock at the very least doubled in price. Any drop below .30 would be a negative.

LXRX generated a new 34-month intraweek and weekly closing low and closed in the lower half of the week's trading range, suggesting further downside below last week's low at 1.27 will be seen this week. On a monthly closing basis, there is decent to perhaps strong support at 1.32 and with the monthly close occurring a week from this coming Friday, it is safe to say that further downside at this time is likely to be limited. For now though, the bears are in control. The bulls needed the stock to close on Friday at 1.46, in order to prevent a new sell signal being given. The stock traded as high as 1.53 but the bulls were unable to prevent the level from breaking, meaning that at this time the bulls have no ammunition to take the stock higher. Nonetheless, the stock rallied 17% from Thursday's low to Friday's high and that does suggest that the bears are running out of ammunition as well. On a daily closing basis, support is found at 1.31. With the spike up action seen on Friday, it suggests that level is not going to get broken. A weekly close above 1.46 this coming Friday would be suggestive that the downtrend is over.

PLNHF generated a red weekly close, meaning that the recent positive fundamental news is not yet good enough to generate anything more than a short-term uptrend. By the same token, the red close on Friday has made the 1.00 level (on a weekly closing basis) into an important and highly pivotal resistance, which if broken would be a midterm bull statement. The stock does show strong intraweek support at .60 and minor to perhaps decent at .70. Nonetheless, the 200-day MA is currently at .76, and that line had not been broken to the upside for 30 months, meaning that the line is now considered decent support on a daily closing basis. Intraweek resistance is found at 1.05 and pivotal at 1.20. The probabilities favor the stock trading between .76 and 1.05 for the next 2 weeks and then breaking out.

SNDL is a cannabis stock but the company announced 2-weeks ago that they were also getting into the online liquor selling business. The news caused the stock to generate an immediate breakout, with the stock breaking above the 200-day MA, currently at 1.79, and this past week making a new 7-month high. Apart from a buy signal having been given on all charts, a failure signal against the bears has also occurred, suggesting that not only a bottom has now been built but that the stock is likely in a short-term bull trend. Having said that, the stock did get close to an established intraweek resistance level between 2.45 and 2.48 with a high this past week at 2.36. A negative reversal day occurred, suggesting the traders will try to build a new support level before trying to go higher. There is quite a bit of established support around the 1.95 level that should hold up. As such, it is expected the stock will trade between 1.95 and 2.48 for the next 2 weeks. A confirmed daily close below 2.00 is likely to generate a retest of the MA.

TCEHY generated an uneventful inside week but did close near the low of the week, suggesting further downside below last week's low at 40.19 will be seen this week. For the past 5 weeks, the bulls have been able to keep the stock above the 40.00 level even though the lows of 4 of the past 5 weeks have been 40.19, 40.28, 40.00 and last week at 40.19. Evidently there is support here that is unlikely to be broken unless the Chinese index heads lower. The chart of the Chinese index says that there is a 50-50 chance of going lower. Short-term intraweek pivotal resistance is found at 42.84. a break below 39.70 would be a short-term negative. A break below 38.88 would be a mid-term negative. Probabilities are 50-50.

TNC made a new 14-week intraweek and weekly closing low and closed near the low of the week, suggesting further downside below last week's low at 75.90 will be seen this week. There is some intraweek support at 76.00 and again at 74.64 but those are all considered minor. The stock has an open up gap at 74.25 that is now a magnet. The 200-day MA is currently at 72.80 and that has to be considered the downside objective for this week or next. Any confirmed daily close below the MA line would suggest that the 200-week MA, currently at 71.08, would be seen. Further downside is not likely at this time. Nonetheless, if all of these levels break, it is possible that a drop down to the $55 could occur before year's end. For now though, the downside objective of the trade is the $71-$73 level. Any rally now above 78.25 would negate this outlook.

TOL generated a 2nd red week in a row, which does confirm the failure signal against the bulls that was given last week. The stock did close on the low of the week and further downside below last week's low at 77.35 is expected to be seen this week. The stock did generate a 2nd sell signal on the daily closing chart but does have daily close support at 77.70, at 76.42 and pivotal at 75.05. Any confirmed daily close below 75.05 would open the door for a drop down to the 200-day MA, currently at 65.49. In looking at the weekly chart, a close below 76.38 will generate a sell signal but only offer a drop down to 74.64. Any confirmed weekly close below 74.64 would give a $68 objective. Any daily close above 80.72 would negate this outlook.

VWDRY generated a positive reversal week, having made a new 11-month intraweek low but then closing green and near the high of the week, suggesting further upside above last week's high at 7.53 will be seen this week. This move came off of positive fundamental news, suggesting that the bottom to this correction has now been found. As it is, the stock did get down to established intraweek support between 6.55 and 6.89 with a low this past week at 6.76. On a small negative note, the stock closed on Thursday at 7.53 and then generated a red daily close on Friday. The 7.56 level was the previous daily close support that when broken, brought the drop down to 6.76. This means that in spite of the 10% rally seen this past week, the bulls were unable to generate a failure signal against the bears. This does suggest that the first course of business on Monday will be to the downside, with the 7.20 level as the objective. Nonetheless, any daily close above 7.56 would generate new buying interest.

ZLAB bulls failed to generate any follow through to the upside after the stock closed on the highs of the week the previous week. As such, the stock generated a red week and did close in the lower half of the week's trading range, suggesting further downside below last week's low at 25.00 will be seen this week. On a positive note though, the 10-month low at 22.58 seen 5 weeks ago had not yet received a successful retest and this move down is likely to be that. It does need to be mentioned that important weekly close support is found at 25.30 and the bears failed to break that level on Friday, having traded as low as 25.00 but then closing at 25.76. As such, this move down has a higher probability of being a positive than a negative. Daily (and weekly) close support is found at 25.30. Any confirmed daily close below that level would be a negative. On the opposite side, the bulls need a daily close above 28.06 to generate a short-term uptrend.