BABA generated a new 7-month weekly closing low, having closed on Friday at 69.07 and the previous weekly closing low was at 69.42. This close was certainly a negative that will change the chart to favor the bears, "if" confirmed next Friday. On a small positive note, the same low at 69.42 (on the weekly closing chart) is found at 68.05 on the daily closing chart, and the stock closed at 68.72 on Wednesday and then closed at 68.88 on Thursday and at 69.07 on Friday, suggesting that low has been tested successfully (is the reason I did not liquidate the positions on Friday). This coming week is very important for the Chinese market as some of the big and important economic reports (GDP, Industrial Production, and Retail Sales) are due out on Tuesday. They are expected to be lower than the previous month but those lower numbers are already factored in, meaning that if they come in as expected, it will not likely affect the market negatively. Having said that and back to the stock, it has to generate a green weekly close next Friday above 69.42 but since the numbers come out Tuesday morning, the daily closing chart is important. The 68.05 level is pivotal support and it would be nice if the stock generates a green daily close on Monday and does not break the 68.77 support. Having said that, a daily close above 71.46 any day this week, would be a positive sign. This is a week for decisions to be made on the stock.

DD generated a positive reversal week, having made a new 5-week low and then closing green and slightly in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at 75.12, than below last week's low at 72.38. The positive reversal was not unexpected, given that the stock got down to the 200-day MA, currently at 72.95, on Tuesday, which was then followed by 3 green daily closes the rest of the week. The stock did close near the low of the day on Friday, suggesting the line will likely be tested again at the beginning of the week, before the traders decide what to do (break the line or generate further recovery). Intraweek resistance is found at 75.46 and short-term pivotal daily close resistance is found at 75.46. The overall chart still favors the bears slightly.

ENG negated all the minor gains that had been accomplished the past 8 weeks, having closed below all of the weekly closes seen during this time. The stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 1.56 will be seen this week. The next level of daily close support, which is short-term pivotal, is at 1.43. Daily close resistance is now found at 1.75. There has been no news on the company, meaning that the probabilities favor the stock trading between 1.43 and 1.75 (based on daily closes) for the next couple of weeks.

GCI generated a new 6-month intraweek high and a new 11-week daily and weekly closing high. The stock closed on the high of the week, suggesting further upside above last week's high at 2.63 will be seen this week. The stock finds itself at a highly indicative area of short-term resistance that has been built over the past 7 months, between 2.62 and 2.74 (2.62 and 2.66 on a daily closing basis and at 2.59 on a weekly closing basis), which if broken, would be a short-term "game changer". The stock closed at 2.60 on Friday, suggesting that the 2.59 level of resistance on the weekly closing chart has been broken. Then of course, a $.01 cent break is not dependable, meaning another green weekly close is needed and if above 2.74 it would be even better. Such a break of resistance would suggest that by the end of the month (the following week), the 3.03 area would be tested and if broken, that would be a longer term game changer. The company reports earnings on May 2nd, which is a week from Thursday, and that is going to be highly pivotal for the stock. At this time, everything seems to be favoring the bulls, especially considering the stock has accomplished this rally in-spite-of the weakness seen in the market, especially the weakness seen in the small cap stock index. As far as support, the 200-day MA is currently at 2.42, and a daily close below that line would weaken the chart. A daily close below 2.31 would be a short-term game changer in favor of the bears.

JD generated a positive reversal week, having made a new 6-week intraweek low but then closing green and in the upper half of the week's trading range, suggesting further upside above last week's high at 26.18 will be seen this week. The green weekly close does suggest that the previous week's close at 25.39 (closed on Friday at 25.51) was a successful retest of the pivotal weekly close support at 24.38. If another green weekly close occurs on Friday, last week's intraweek low at 24.66 will become the required/needed retest of the spike low seen on the first week of March at 21.18, and it will become the 2nd successful retest of the multi-year intraweek low seen in January at 20.82. To the upside, the bulls need to generate a daily close above 25.94, to stimulate new buying interest. If that occurs, a rally back up to above $28 would likely be seen. The 200-week MA is currently at 28.59 and a close above that would be a breakout of note.

LXRX made a new 12-week intraweek low and closed on the low of the week, suggesting further downside below last week's low at 1.60 will be seen this week. There has been no negative news on the company, meaning that this drop is basically chart-oriented. The initial breakout level on the weekly closing chart is at 1.53 and it is now evident that level is going to be retested. If the retest is successful, a rally back up to at least the 2.50 (and up to 2.75) is likely to occur over the next few weeks, or until the next earnings report the second week of May. The probabilities do favor the stock holding above the 1.53 level (on a weekly closing basis) and moving back up. Nonetheless and on an intraweek basis, it is possible for the stock to get down to as much as the 1.31 level. On a short-term intraweek basis, the 1.93 level is pivotal.

SNDL generated a 2nd red week in a row and closed slightly in the lower half of the week's trading range, suggesting a slightly higher probability of further downside below last week's low at 1.75 than above last week's high at 2.06 will be seen this week. It seems probable that the stock is in the process of testing the weekly close breakout level at 1.64 before attempting to continue the rally. On a daily closing basis, that level is at 1.67. Short-term daily close resistance is at 2.19. Probabilities favor the stock getting down to 1.67 and then turning around.

VWDRY generated a new 21-week intraweek and weekly closing low, and closed near the low of the week, suggesting further downside below last week's low at 8.28 will be seen this week. There has been no news on the company for the past 5 weeks, meaning that this breakdown has been all about the charts. There is no intraweek support below until the 8.08-8.13 level is reached. Having closed at 8.34 on Friday, it is now highly likely that level will be seen this week (or at the latest next week). The company reports earnings on May 8th and until then, it is likely the bears will remain with the edge. To the upside, short-term pivotal intraweek resistance is at 8.79. The 200-day MA is currently at 8.54. The bulls need to break both of those to give the bulls back the edge.

ZLAB generated the 7th week in a row of red closes and the 4th week of new all-time low weekly closes. The stock closed exactly in the middle of the week's trading range, suggesting equal chances of going above last week's high at 14.67 than going below last week's low at 13.48. At this time, the bears have total control of the stock. The earnings reports is not due out until May 8th, meaning that until then, the bears will remain with the edge/control. Having said that, the breakdown point on the weekly closing chart is 15.70 and it is highly likely that level will be tested either this week or next. The volume has dropped to the lowest point it has been in since this recent downtrend began in December and that means that selling interest has waned. To the upside, last week's high is minor resistance, which if broken would open the door for an intraweek rally to the 16.13 level. A break above that level will cause the stock to rally to 16.73 and that is an intraweek level that if broken, would generate a short-covering rally of note. There is no established support below.