BABA generated a new 4-week intraweek low and closed in the lower half of the week's trading range, suggesting further downside below last week's low at 77.17 will be seen this week. The reasons for the correction are 1) a weak Chinese index market and 2) a $5 billion bond offering that the company issued in order to buy back stocks. For these 2 reasons, the stock has fallen 14.7% over the past 3 weeks. The stock closed on Friday, slightly below the 200-day MA, currently at 78.65 (closed at 78.34), meaning that the bulls need to negate that break on Monday. On a good piece of news, the $5 billion bond offering (to purchase the stock in the future at $105, which is 30% above Friday's closing price) has now been done and there have been other positive news on the company released recently, suggesting that the pressure of the weakness seen might now be over. This leaves the weakness being seen in the Chinese market as the only negative left out there. The Chinese market is now at one support and the next support below is not too far away, suggesting there is not much more downside to be seen. This does suggest that some new buying interest at this level should be seen this week. There is an open gap below at 76.25 that might be a magnet, but then again this is a stock that shows a lot of gap action repeatedly, meaning that closing gaps is not as much of a magnet as it is in other stocks. Evidently the key this week is the 200-day MA. Minor intraweek resistance is found at 80.20 but in this case, if it does get broken, it would suggest the downside run correction is over. Intraweek support below is found at 76.56 and pivotal at 75.22.

GCI made a new 11-month intraweek and weekly closing high but closed slightly in the lower half of the week's trading range, suggesting a slightly higher chance of going below last week's low at 3.66 than above last week's high at 3.93. Having said that, the stock has once again (for the 3rd week in a row) confirmed the weekly close breakout from 3.53 and for the 5th day in a row, the daily close breakout above 3.72, meaning that the bulls remain in control in spite of the recent weakness in the index market. The chart is showing a breakaway gap at 3.39 that should not be closed, meaning that gap is now an indicative support level. The chart shows open air above until the 4.50-4.80 level is reached, meaning that if the index market starts to recover, this stock could be one of the leaders to the upside.

INTC generated a mostly uneventful week but one thing that did happen is that the stock made a new 3-week intraweek low "but" did not break the recent low at 29.73 (low last week was 29.93) and did close out the week on the high of the week, suggesting further upside above last week's high at 31.37 will be seen this week. If that does occur, last week's low will become the required/needed retest of the 11-month low at 29.73 and that should give the bulls new ammunition. Confirmation of a bottom to this correction having been built, is a rally above the most recent intraweek high at 32.42. When (and if) that happens, there is open air to 33.84 (minor intraweek resistance), then at 37.11 (minor to perhaps decent intraweek resistance) and then 40.07 (indicative an pivotal resistance). To the downside, any break now below 29.73 would be a decent negative.

JD generated a new 4-week intraweek and weekly closing low but the trading range was extremely minor (and small) as it was the smallest in the last 15 weeks. The stock closed very slightly in the lower half of the week's trading range, suggesting a very slightly higher chance of going below last week's low at 29.04 than above last week's high at 30.32. On a decent positive note, the weekly close breakout level at 28.89 was not reached and much less broken, suggesting the bulls remain in short-term control at this time. The 200-day MA is currently at 27.65 and that remains a potential intraweek magnet to the downside. On the opposite side of the coin, any rally now above 30.46 would suggest the downside correction is over. In using the daily closing chart, the 28.89 level is also meaningful and any close below 28.14 would turn the chart in favor of the bears.

LXRX generated an uneventful inside week but did close green and near the high of the week, suggesting further upside above last week's high at 1.75 will be seen this week. As it is, the green weekly close has made the previous week's close at 1.62 into a successful retest of the 15-week low weekly close at 1.58, which in turn is now the 2nd successful retest of the original weekly close breakout at 1.53, suggesting that the downside is not about over. A weekly close above 1.79 would now confirm all of this base-building action and open the door for the beginning of a recovery-from-this-correction action, with open air above to 2.17 but likely more upside to the 2.70-2.90 level. Daily close support is now found at 1.61 and negatively pivotal at 1.54.

PRAA made a new 26-week intraweek and weekly closing low and closed on the low of the week, suggesting further downside below last week's low at 22.31 will be seen this week. Having said that, the week was quite uneventful overall as the trading range was minute (smallest in at least the last 3 years - it was $.96 cents and the average has been $3) and the low made was only $.08 cents below the previous week's low and only $.15 cents below the previous week's weekly close. This does suggest that the selling interest has died down, especially considering what the index market did. Having said that, the stock is at a pivotal support level at 21.50, which if broken decidedly, will give the bears control. The 200-day MA is currently at 21.80 and the bulls need to establish themselves above that line "this" week. Minor but short-term pivotal and indicative resistance is found at 22.74. If that is broken, there is open air above to 24.69 and then up at 25.61 and indicative at 26.29. To the downside, there is no present support below 21.50 until 20.99 is reached and a break of the latter will likely result in the stock getting down to at least the $18 area.

SNDL generated a totally uneventful week in which nothing new was decided. The stock remained above the short-term pivotal weekly close support at 2.20 (closed at 2.22), meaning the bulls remain in short-term control. The stock closed very slightly above the midpoint of the week's trading range, suggesting a slightly higher chance of going above last week's high at 2.28 than below last week's low at 2.14. Intraweek support is at 2.15, which if broken would suggest a drop below 2.00 will be seen. The 200-day MA is currently at 1.85. Intraweek resistance is found at 2.30 and if broken, a rally to 2.55 is likely to be seen.

SNOW made a new 14-month intraweek and weekly closing low and closed near the low of the week, suggesting further downside below last week's low at 133.59 will be seen this week. The stock has now fallen 20% in value over the past 2 weeks and 44% in value over the past 3 months. The recent drop was because the company released lower than expected earnings and because a breach in their security was announced. Having said that, the lower earnings guidelines given by the company is because they are spending large amounts of money to incorporate AI into their systems, which means that long term, the stock should move higher and perhaps substantially higher. Based on 12 analysts following the company, the average 12-month prediction is for a price of 207.57, which is a 48% rise. The next intraweek support area of consequence is at 128.56. On a daily closing basis, there is support found at 135.48, again at 134.31 and then decent at 131.46 and likely unbreakable (due to the fundamentals) at 129.16 (stock closed on Friday at 136.18). Daily close resistance is now found at 140.40 and short-term indicative at 145.45. Probabilities for this week favor an intraweek drop to 131.97 (while that margin calls get met) and then a rally up to 146.74 later on in the week. This is a highly tradeable stock to the upside at this time (lots of volatility and long-term positive fundamentals.

VWDRY generated a reversal week, having made a new 21-week intraweek high but then closing near the low of the week, suggesting further downside below last week's low at 9.26 will be seen this week. Nonetheless, the fundamental news continues to be positive and the stock did accomplish one important feat this week having closed the weekly gap down at 9.71 from January when a negative earnings report came out. Closure of the gap (high last week was 9.84) does take away a strong negative and does open the door for further upside. Intraweek support of some consequence is found between 8.77 and 9.01 that should no longer be broken from now on. Probabilities favor a positive reversal week up this week and a short-term objective of reaching the 200-week MA, currently at 10.10, within the next 1-3 weeks.

ZLAB 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 17.52 will be seen this week. There is intraweek support at 17.41, which if held and a rally from there occurs, it will be a sign that the bulls are gaining back the short-term edge. If broken though, and the runaway gap at 17.06 is closed, it will give the bears new ammunition. Pivotal short-term resistance is now found at last week's high at 19.19, which if broken would give an immediate objective of at least 20.16. The major key pivotal resistance level is presently at 22.89 and the short-term pivotal support is at 17.06. All recent news has been generally positive to the stock.