BABA generated a negative reversal week, having made a new 6-month intraweek high and closing red and very slightly in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at 77.81 than above last week's high at 82.22 (closed at 80.01). Having said that though, the bulls were able to close above the previous 6-month weekly closing low at 79.97 (the level that was broken last week and gave a failure signal against the bears), suggesting that this move down was simply a normal retest of that level. Nonetheless, the stock does report earnings this week on Tuesday morning and that will be a pivotal report. A daily close below 78.23 would now be seen as a negative, meaning that on Tuesday (after the report), if the stock is looking to close below that level, consideration to taking profits on the trade should be given. On the other side of the coin, a daily close above 81.55 would suggest the $86 level would be the next objective.

DD followed through to the upside (after the previous week's positive earnings report) and did generate another green weekly close, which did confirm the breakout. The stock did close slightly in the upper half of the week's trading range, suggesting a higher probability of going above last week's high at 79.63 than below last week's low at 77.98. Nonetheless, the small trading range of $1.63 was the smallest in 18 weeks and does suggest that much further upside will require help from the index market and that could be decided (either way) with Wednesday's inflation report. The stock did generate a red daily close on Friday that suggests further downside below Friday's low at 78.39 will be seen on Monday. There are two levels of support below that are important and likely pivotal at this time. The first one is at 78.08 (previous multi-month daily close) and at 77.67 (recent low daily close). A close below the former would be a slight negative and a close below the latter would generate a sell signal that would likely thrust the stock down to test the gap between 73.88 and 76.69. There is no established intraweek support until 75.41 is reached. To the upside, resistance is found at 81.57 and then nothing until 84.08.

ENG reported earnings this past week but evidently they were uneventful as the stock went above the previous week's high by only $.04 cents and then proceeded to close red and on the low of the week, suggesting further downside below last week's low at 1.63 will be seen. On a weekly closing basis though, the stock only closed $.04 cents lower than the previous week's low close. Short-term intraweek pivotal support is at 1.57. If that level is broken, there is no support below until 1.35. Intraweek resistance is found at 1.95. At this time and with the earnings report out, there is little to be had (or risked) at this time.

GCI reported another green weekly close (after the previous week's better-than-expected earnings report) and did reach the 200-week MA, currently at 3.32, with a high at 3.32. The stock closed exactly in the middle of the week's trading range, suggesting equal chances of going above last week's high or below last week's low at 3.10. Evidently a close above the line next Friday would be a tangible positive. Nonetheless, if the stock closes red next Friday, further building of support at a higher level that is present found (down at 2.35) will be occurring. The stock does show (on the daily chart), that a bullish flag formation is currently being built and that if broken (a rally above 2.32) would offer a short-term upside objective of 3.27. As far as the flag itself is concerned, the 2.03 level is support that should not be broken if the flag is to be maintained.

GME made a new 9-month intraweek high but failed to confirm the breakout on the weekly closing chart, having closed on Friday at 17.46 and the 9-month weekly closing high is at 17.53. The stock closed slightly in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at 20.10 than below last week's low at 13.67. The stock is very volatile and manipulated, so both are possible. There is presently established support at 16.18 and the 200-day MA is currently at 15.16 but the bulls do have the edge right now and therefore, the manipulation is more likely to occur in favor of the bulls than the bears. There is pivotal daily close resistance at 18.37 and even more so at 19.23. If those get broken, there is open air to the $25 level (mention's objective).

JD generated a negative reversal week, having made a new 6-month intraweek high but then closing red. The stock closed exactly in the middle of the week's trading range, suggesting equal chances of going below last week's low at 31.34 or above last week's high at 33.03. The red close came at a level of importance as the previous week's close at 32.87 has now become a successful retest of the low weekly close at 33.10, which when broken caused all the weakness seen the past 6 months. Having said that, it was not a convincing red close as buying at the lows of the week occurred. Nonetheless, it does mean that the stock does need the Chinese market to continue higher. On a daily closing basis, a close below 31.95 would weaken the chart for the short-term and having closed on Friday at 32.20 does mean that the bulls cannot afford any weakness starting on Monday. Below 31.95, there is no daily closing support until 30.30 is reached. A daily close above 33.10 would suggest that a visit to the $40 level would be "in the works".

LXRX generated an uneventful inside week with a green weekly close but a close in the lower half of the week's trading range, suggesting further downside below last week's low at 1.71 will be seen this week. Nonetheless, such a move down is required/needed so that the previous week's 15-week low at 1.48 gets the retest of it. There is no established intraweek support until 1.59 is reached but on a daily closing basis, the 200-day MA is currently at 1.67. Any daily close above 1.95 would give the edge back to the bulls.

SNDL generated a negative reversal week, having made a new 5-week high but then closing red and in the lower half of the week's trading range, suggesting further downside below last week's low at 2.15 will be seen this week. The reason for the negative reversal is that the bulls were unable to break above the 18-month intraweek high (made 7 weeks ago) at 2.67 (high last week was 2.63). The bulls are awaiting more tangible information about the Cannabis industry proposal before making further gains. By the same token, there have been enough positives that it is unlikely much downside will be seen anytime soon. On a short-term basis and on a daily closing basis, there is support at 2.20 and again at 2.03. Only a close below 1.83 would truly weaken the chart. A daily close above 2.53 would be a positive, a daily close above 2.78 would make 2.84 a gimme and a daily close above 3.00 would be a breakout of note. At this time, the stock is likely to trade between 2.00 and 2.50.

VWDRY generated a new 5-week intraweek and weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 9.23 will be seen this week. The rally above the previous week's high has made the previous week's low at 8.40 into the required/needed retest of the multi-week low at 8.28, suggesting that the correction is now over. There is open air above to 9.47 and if broken, then the 9.71 level is likely to be reached. If that level is broken, the 200-week MA, currently at 10.08, would be the target. Any drop below 8.40 would now be a negative.

ZLAB reported earnings and they were much better than expected and the stock made a new 8-week high, erasing all the negatives seen of the principals of the company selling shares (the last of which was at 17.67). The stock generated a failure signal against the bears, having closed above the low weekly close at 18.68, which was made in February and from which the drop all the way down to 13.48. This does mean that the downtrend is over. Nonetheless, the bulls have more to do before the bulls take some control and a strong short-covering rally is seen. A weekly close above 21.10 would likely generate a rally up to the next weekly close resistance at 26.40. In using the daily closing chart though, the picture is quite clear. The 200-day MA is currently at 23.02 and there is daily close resistance of note as 22.49 and at 22.71. All of those levels need to be broken for a midterm uptrend to begin. To the downside there is important daily close support at 17.73 that should no longer get broken. There is also some daily close support at 20.16 and at 18.93. Which level is tested successfully would be short-term indicative. On a short-term bullish note, there is now a breakaway/runaway gap that offers strong chart support. Depending on what low is seen this week and then if the stock goes above this coming week's low the following week, it will give an upside objective based on the formation. At this time though, and for this week, it is likely to be a new support-building action with 23.04 as the possible high and 18.00 as the possible low.