BABA generated an uneventful inside week with a green weekly close, but then only by $.07 cents. The close was in the lower half of the week's trading range, suggesting further downside below last week's low at 77.22 is more likely than a rally above last week's high at 80.06. On a daily closing basis, short-term pivotal support is found at 77.90 and short-term pivotal resistance is found at 80.01. The 200-day MA is currently at 78.24 and that line was straddled all week, with daily closes at 77.90. at 78.45, at 79.83, at 80.01 and on Friday at 78.41. The company did receive positive reviews on their new model based on AI that was unveiled on Friday. That news should bring in continued support and higher prices from here on out.

ENG made a new 4-month intraweek and weekly closing low and closed on the low of the week, suggesting further downside below last week's low at 1.30 will be seen this week. There was no news to cause the stock to break the sideways trend seen the past 14 week, meaning that the likely reason the stock dropped was the weakness in the RUT index and hitting all the stops that evidently were placed below the 4-month low at 1.55. All of the big drop occurred on Friday, meaning that it is highly likely that it was a stop-loss break that caused the drop. Intraweek support is found at 1.21 and pivotal at 1.01. On a daily closing basis, support is found at 1.20. With this drop being all chart-oriented, the probabilities favor the stock dropping down to 1.20 and then generating a recovery rally back up to 1.63, which is were daily close resistance is found.

GCI made a new 25-month intraweek and weekly closing high but did see some profit taking coming in when it got up to the 4.28 level on Wednesday, which was then followed with 2 red daily closes in a row and a 6.6% correction from that high, to close on Friday at 4.00. 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 3.77 than above last week's high at 4.28. The stock has seen 6-weeks in a row of higher lows, meaning that some type of correction to build a new support level is likely to be happening. The 200-week MA is currently at 3.36 and a drop down to that line is a possibility. Nonetheless, the breakout occurred from a daily close high at 3.52, meaning that level is not likely to get broken (on a daily closing basis). Having said that and after the stock has basically more than doubled in price in the last 3 months, it is evident the bulls are in control and that could mean that a drop down to those levels will not happen. There is some daily close support at 3.71/3.72 that is likely to be seen this week but that could hold up. As it is, the stock remains with open air above up to the 4.55 level (based on a daily close), and it is more likely that level will be reached first, before a good correction occurs. If that does happen though, profit taking should be considered as a drop back down to 3.50 would then be a high probability.

INTC generated another mostly uneventful inside week, given that it neither went above or below the previous week's trading range and ended up closing just $.11 cents lower than the previous week's close. The stock did close near the high of the week, suggesting further upside above last week's high at 31.07 will be seen this week. Fundamentally speaking, it is difficult to see the stock go lower given that the AI industry is strong and growing. What has been keeping the stock from moving higher (while other AI companies are presently moving higher) is that the company needs to invest a large amount of money into getting itself primed for using and offering AI technology. It is that huge expense that is keeping traders from buying INTC aggressively at this time. Nonetheless, the future is bright for the stock. The stock does show strong and repetitive (over the past 2 years) support around the $30 level, meaning it would take some tangible negative news to break this level. A daily close below 29.00 would be a short-term indicative break. On the other side of the coin, a daily close above 32.10 would likely bring a rally up to the $38-$39 level. With NVDA strong at this time, the probabilities favor the bulls.

JD generated a negative reversal week, having gone above the previous week's high but then closing red and on the low of the week, suggesting further downside below last week's low at 29.24 will be seen this week. Nonetheless, the bulls do still have the overall edge, given that the stock is still trading above the 200-day MA, currently at 27.55, but more importantly, trading above a very important and pivotal daily and weekly close support at 28.89. On the other side of the coin and with the stock closing on Friday just $.35 cents above that level, the bulls have to start doing something this week (or at the latest next week) to move the stock up. With the Chinese index also near support that is expected to hold and move higher, the same outlook is seen for the stock. A daily close above 30.59 would generate an indicative buy signal. It is clear right now, with 28.89 and 30.59 being the two levels to watch closely (on a daily closing basis) for now.

LXRX generated a mostly uneventful week, having closed just $.05 cents above the previous week's close but it did have A positive attached as it confirmed the successful retest of the correction low, which in turn should give the bulls some new ammunition. Nonetheless, the stock did close near the low of the week, suggesting further downside below last week's low at 1.70 will be seen this week, which could end up being yet another (the 2nd) retest of the low. Having said that, the parameters of the intraweek support and resistance levels are now very clear, with 1.48 being a breakdown and 2.04 being a breakout. With the stock closing at 1.75 on Friday, it is at the half point of both levels, meaning some catalyst is needed for either to happen. In looking at the monthly chart, the probabilities favor the upside with a minimum rise to 2.89, to be seen either this month or next.

PRAA made another new 27-week intraweek and weekly closing low and closed near the low of the week, suggesting further downside below last week's low at 19.76 will be seen this week. The chart is now clearly suggesting that the stock is likely heading down to the 17.50 level where some good intraweek support is found. I have a hard stop at 19.65 that will likely be triggered this week. If that does happen, I will be rebuying the stock around the 17.50 level. There has been no new fundamental news but the outlook for the future remains bright with the rating companies having a $37.50 target by the end of the year. Intraweek resistance is found at 20.91 and likely pivotal at 22.60. Below 19.70 there is no support until 18.16 is reached.

SNDL generated a failure signal against the bulls on Friday, having closed below the weekly close breakout level at 2.15 (closed at 2.04). This does suggest that the bulls now need some positive fundamental news to restart the uptrend. By the same token, there is good established intraweek support at 1.95 that should not be broken, suggesting that for now, the stock is likely to trade sideways between 1.95 and 2.67 until some new news comes out. Pivotal support level is now found at the 1.70/1.75 level.

SNOW made another new 14-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 128.41 will be seen this week. The stock did break an important intraweek support at 128.76 and then confirmed the break with a break of the weekly close support at 131.46 (closed at 131.21). Then again, both breaks were by a minimal amount and if not confirmed this week with a lower intraweek and weekly close next Friday, these mini breaks will be seen as successful retests of the support level. The reason for the weakness seen this week is that several rating companies did lower their upside projections. Nonetheless, the one that lowered it the most (Jeffries), still has a $160 upside projection. There is still some very good intraweek support at 122.77 and strong but pivotal at 119.27. (126.26 and 121.56 on a daily closing basis). To the upside, there is some minor but likely short-term pivotal intraweek resistance at 139.04 and then a bit more indicative at 140.84 (but on a daily closing basis). Overall, most companies maintained their upside targets for the stock at $210 and with the AI market being strong, the weakness being seen now is likely temporary.

VWDRY generated a negative reversal week, having made a new 22-week intraweek high but then going below the previous week's low, closing red, and on the low of the week, suggesting further downside below last week's low at 8.97 will be seen this week. The stock fell 8.8% from the high of the week but there was no news to support the weakness, suggesting that there were 2 things that caused the fall to happen 1) getting near the 200-week MA, currently at 10.09 (high for the week was 9.83) and not having any new positive news to stimulate a break of the line and 2) weakness in the small cap index (RUT). Nonetheless, the fundamental news continues to be positive and no pivotal or important support levels were broken. Downside target for this week is the 8.61 level, with a small possibility of dropping down to 8.53. Nonetheless, that support area should hold up. To the upside and likely for the next 2-3 weeks, the 9.70 level is likely to be resistance that will not be broken. This suggests the stock will trade between 8.63 and 9.71 for now.

ZLAB did generate a somewhat surprising up week, given that the Chinese index and other Chinese held stocks showed weakness. This does suggest that finally there is some valid and likely persisting buying interest coming in. The stock generated a green week and closed on the high of the week, suggesting further upside above last week's high at 20.06 will be seen this week. The stock closed just $.08 cents below a short-term pivotal weekly close resistance at 20.08 (closed at 20.00). In looking at the daily chart, no resistance was broken but the daily close at 17.78 that occurred the previous Friday has now become a confirmed retest of a previously established an important support at 17.73. In addition, the chart now shows a clear bullish inverted Head and Shoulders formation with the right shoulder being at 17.73, the head being at 13.72 and the right shoulder being at 17.78. The neckline is at 21.55, which if broken, would generate an upside target of 29.38. All of this is based on the daily closing chart. The 200-day MA is currently at 22.39 and the left neckline is at 22.49, which both are resistance levels of note. If all of these resistance levels are broken (now looking like a good probability given the fundamental outlook for the company), the 29.38 objective will become real and viable and to be fulfilled within 4 weeks after the breakout. Evidently, the 17.73 level (on a daily closing basis), is now pivotal support. In looking at the chart and for this coming week, a drop down to 18.91 is likely to occur and can be used to buy or add positions.