BABA generated a positive reversal week, having made a new 7-week intraweek low but then closing green. The stock closed on the high of the week, suggesting further upside above last week's high at 72.56 will be seen this week. Having said that, the stock remains in a trading range scenario between 71.46 and 75.20 and until one of those levels gets broken (on a daily closing basis), nothing will be accomplished in either direction. It is clear that this stock is waiting to see what happens to the Chinese index and in that case, the probabilities slightly favor the upside. Nonetheless, the Chinese index closed on Friday at 16541 and the two levels of importance are (on an intraweek basis), at 15972 and at 17214. The chart does not suggest that either will be broken during the next 2-4 weeks, suggesting the stock might remain in this trading range for that period of time.

ENG remained "dead in the water", having generated an inside week, a close in the exact middle of the week's trading range, and closing in the same area as the weekly closes have been the previous 2 weeks (closed on Friday at 1.72, the previous week at 1.71, and the week before that, at 1.72). It is evident that the stock requires some form of catalyst for movement but at this time, I do not see one on the horizon. As has been the case during the past month, a daily close above 2.14 or below 1.40 would be pivotal. At this time though, a daily close above 1.84 or below 1.62 would give a short-term edge to the side that breaks it. No clear outlook for this week.

GCI has moved up 17.7% over the past 2 weeks and did close on the high of the week on Friday, suggesting further upside above last week's high at 2.44 will be seen. The stock did generate a new buy signal on the daily closing chart, having closed on Friday at 2.44, which is above the previous daily closing high for the past 9 weeks at 2.29. In addition, it closed above the 200-day MA, currently at 2.39, which is a line it has been trading below since February 1st and has traded below for 4 of the past 5 months. Simply stated, the bulls did generate a positive signal this past week. Having said that, the bulls still have to do more to generate a breakout of note and that means, a daily close above 2.66. Daily close support should now be found at 2.35 and short-term pivotal at 2.20. It is important to note that on the monthly chart, the stock has been in a base building process for the past 42 months and is now showing 4 successful retests of the monthly closing low made in October 2020 at 1.13. On that same monthly chart, short-term pivotal resistance is found at 2.47 and with the stock closing out the month at 2.44 and closing on the high of the month, it is likely that a small breakout will occur by the end of April. Above that 2.47 level, the pivotal level of resistance (on a monthly closing basis) is at 3.03. The reason why I am saying this is because if that level is broken, there is basically open air to the 6.00 level. This means that this stock could almost triple in value this year. The same pivotal level is at 3.52, on a daily closing basis.

GILD generated a positive reversal week, having made a new 3-week low and then turning around and closing green near the high of the week, suggesting follow through to the upside above last week's high at 73.87 will be seen this week. This past week did have importance inasmuch as the positive reversal did make the previous week's close at 72.61 in the needed/required retest of the 5-month low weekly close at 71.58. Confirmation of the success of the retest still needs to happen, with a weekly close above 75.12. In looking at the daily closing chart, there are 2 levels of short-term importance to watch. Those levels are 72.41 and 73.98. A break of either of those two levels will generate further movement in that direction. The probabilities do favor the bulls but there are still questions that need to be answered.

JD generated an uneventful inside week (for the second week in a row) but did close green and near the high of the week, suggesting further upside above last week's high at 28.10 will be seen this week. The action seen the past 2 weeks suggests that a bullish flag formation has been built with the flagpole being the 2-week rally from 21.18 to 28.55 and now the two week flag being with the low of the flag being 26.05. A confirmed break above 29.18 would offer a 33.42 objective. Confirmation though, is also dependent on the stock getting above the 5-month high at 29.19, as well as above the 200-day MA, currently at 29.35. In looking at the chart though, it does not seem that this is something that can happen this coming week. A bit more downside, slightly below 26.05 could still be seen and the resistance between 29.16 and 29.19 is decent. Any drop below 24.01 would now be seen as a negative.

LXRX generated a positive reversal week, having made a new 9-week intraweek low and then reversing to close green and on the high of the week, suggesting further upside above last week's high at 2.47 will be seen this week. The action seen does take some of the recent pressure off but the bulls still have more to do before it can be said that they have accomplished something of note. To do that, the bulls have to generate a daily close above 2.81. For the time being, it does seem that perhaps the low of this correction has been made (though that is still an open question). The chart suggests that the stock will now get into a trading range for the next 2-4 weeks between 2.69 and 2.25 (based on daily closes). Further downside is still possible without doing any damage of consequence to the long term positive outlook. Nonetheless, any daily close below 2.12 would further slow down the upside possibilities.

SIMO generated an uneventful inside week but did generate a red close. The red close was only by $.77 cents (about 1%) and therefore not of great meaning. The stock did close near the high of the week, suggesting further upside above last week's high at 77.77 will be seen this week. One of the downside objectives for the week was the closure of an unsupported upside gap at 76.25. Closure of that gap occurred on Wednesday. Thursday was a positive reversal day and Friday was confirmation of that reversal, suggesting that no further downside will be seen and also making Thursday's low at 74.66 into a short-term pivotal intraweek support level. The objective of the mention was the $81-$83 level, and it is possible that level could be seen this week or next. Consideration should be given to taking profits in that area and buying back on a correction.

SNDL generated another spike up green week and did close in the upper half of the week's trading range, suggesting further upside above last week's high at 2.19 will be seen this week. Nonetheless and on a short-term negative note, the stock did get up to an established and pivotal daily close resistance at 2.19 (closed at 2.18 on Thursday) and backed off with a red daily close on Friday at 2.01. The 2.15 level on the weekly closing chart is strongly pivotal and the bulls failed to break it, having closed at 2.01 on Friday. This does suggest that a bit of new area of support building will occur over the next week or two. There is daily close support at 1.98 and a bit stronger between 1.74 and 1.78. Overall, the action is suggesting that the stock is about to generate a breakout of note, with a potential $3 objective to be reached within the next 3 months. Nonetheless, this week is likely to be mostly about building new support here around the $1.80-$2.00 area. Any daily close above 2.19 or below 1.74 would generate some follow through of consequence.

TOL continued its impressible climb that has made the stock go up 80% in value over the past 5 months. The stock closed on the high of the month and further upside above 130.28 is expected to be seen this month (and this week). The stock has now gone up 22% above the previous high weekly close, meaning that it can still go higher. This is now especially true given that a second breakaway/runaway gap formation is now in place. This formation gives a $142 objective.

VWDRY bulls failed to generate any follow through to the upside last week (after the close on the high of the week the previous week) and closed red and on the low of the week, suggesting further downside below last week's low at 9.16 is expected to be seen this week. Intraweek support is now found at 9.04 and at 8.86. If the latter is broken, it is likely to generate new selling interest. The monthly chart does suggest that a drop down to 8.77 can occur without damage to the long-term occurring. Nonetheless, the same chart shows that a break below 8.50 would be a big short-term negative. Intraweek resistance is now found at 9.65 and short-term pivotal at 9.69. There has been no news recently and given the breakout of the small-cap index, any drop from here is likely to find buying support.

ZLAB made a new 6-year low at 15.69 and once again closed in the lower half of the week's trading range, suggesting further downside below that low will be seen this week. Nonetheless, the selling interest has begun to subside as the stock generated a very small $.96 cent trading range for the week (normally it is $3 or more). The all-time low weekly close is 15.70 and having closed at 16.02, that support was not broken. The all-time low monthly close was 16.36 and that was broken but not by a big amount, meaning that the break is not decisive yet. Nonetheless, it is evident that no more than perhaps 1-week more of weakness can be seen (a close next week at 15.70), which would then be followed by a recovery phase. In looking at the monthly chart, it is evident that a green close is required for April and there is open air above until 22.28 is reached. Further monthly close resistance is found at 23.42, which if broken would signal further recovery. There has been no negative news on the company and as such there is no reason for further downside below the levels mentioned above, to occur.