BABA generated a new 8-month intraweek and weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 90.46 will be seen this week. This move up of 14% from the previous week's low, totally erased the negative aspects of the worse than expected earnings that came out on Tuesday and that initially generated an 8% drop in price. There is now open air to 94.29 and then nothing until 97.01, neither of which are strong or pivotal resistances. Nonetheless and in looking at the daily closing chart, there is a fair amount of daily close resistance between 89.39 and 90.68 that is minor in nature but could hold the stock down for a few days. Daily close support (minor as well) is now found at 83.35. The bulls though, presently have the momentum so everything up to the $94-$97 level is possible.

GCI generated a major breakout this past week, having closed above the 24-month high weekly close at 3.43 and also closing above the 200-week MA, currently at 3.53, which had not been broken to the upside since July 2018 (stock closed on Friday at 3.72). There is now open air up to the 4.46 level (on a weekly closing basis). That resistance is from a previous low weekly close and not as strong as a previous high weekly close resistance, which is not found until 5.61 (minor) and then at the $6 level which is of importance. On an intraweek basis, there is no resistance of any consequence until the 5.49-5.66 level is reached. To the downside, there is no intraweek support until 3.10 is reached but on a daily closing basis, the stock should not generate a confirmed daily close below 3.53 or a failure signal will be given. The fundamental and chart picture both suggest higher prices are to come.

JD made a new 9-month intraweek and weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 35.69 will be seen this week. The stock did generate another failure signal against the bears, having closed on Friday above a previous low weekly close of importance at 33.10. From this weekly close break, the stock fell over 50% in value down to 20.48, meaning that this failure signal is of indicative importance. There is now open air above to the 39.41 level. The next pivotal intraweek resistance is found at 41.95, which at this time is not likely to be broken. Based on the breakout, intraweek support will now be found at 33.63 and pivotal at 31.57 (on a daily closing basis, at 32.10). The chart suggests that the stock will now trade between 33.50 and 40.00 for the next 4 weeks.

LXRX generated a negative reversal week, having made a new 5-week intraweek high at 2.04 and then turning down to close red and on the low of the week, suggesting further downside below last week's low at 1.71 will be seen this week. Nonetheless, this is not necessarily a negative given that the recent 14-week low at 1.48 needs/requires a successful retest of it before the bulls step back in to start re-buying the stock with some confidence. A move below 1.71 without breaking 1.48, followed by a rally the week after and above this coming week's high, will serve as a retest of that low. It is also important to watch what the RUT index does this week, because if the index is able to generate a breakout (like the other indexes did this past week), it will give the stock some strong and new ammunition to recover some (or all) of the 60% in value that has been lost the past 8 weeks. If this scenario does occur, a rally back up to the 200-week MA, currently at 2.91, will probably be seen over the next 4-6 weeks. The fundamental picture supports this outlook, meaning that consideration should be given to adding positions this week on a drop below 1.71 and using a stop loss at 1.43, meaning a risk of $28 for a profit potential of $120 (per 100 shares), which is a 4-1 risk/reward ratio.

SNDL made a new 18-week intraweek and weekly closing high but then fell back to close in the lower half of the week's trading range, suggesting further downside below last week's low at 2.28 will be seen this week. This does suggest that for now (and until new news comes out), the stock may have found a temporary high at 2.93 (last week's high). The stock has had nigher highs and higher lows for the past 4 weeks and is probably in the process of retesting the weekly close breakout level at 2.15, before thoughts of any further upside occur. With no support level built on the way up since the low at 1.75 was made in April, the bulls do need a higher support level built. Decent and not likely breakable at this point intraweek support is found at 1.96. Nonetheless, there is daily close support at 2.19 that should hold up. Chart suggests that for this coming week, that level will be daily close support and the 2.50 level will be daily close resistance.

VWDRY generated a new 8-week intraweek high and a new 7-week weekly closing high but the bulls failed to break the established intraweek resistance at 9.71, having made a high at 9.69 and then closing near the low of the week, suggesting further downside below last week's low at 9.19 will be seen. The failure to break that resistance does suggest that the stock needs some help from the RUT small cap index to go further up (at this time). By the same token, the recent 22-week low at 8.28 has not yet had a successful retest of it, meaning that this move down is likely to be "just that". Any drop below last week's low will put the stock is a position to generate the needed/required retest, which if and when it happens, the bulls would then have enough ammunition to generate a new mini breakout above 9.71. There is intraweek support between 9.01 and 9.04 that should be seen this week but if not broken, would be a decent positive for the bulls. Given that the RUT is likely to generate the needed breakout this week, the probabilities do favor the stock getting down to 9.01 and then turning around and closing green again next Friday.

ZLAB bulls were not able to take advantage of the rally in the Chinese index and generated a negative reversal week, having made a new 10-week intraweek high but then closing red and on the low of the week, suggesting further downside below last week's low at 19.31 will be seen this week. Having said that, there was no negative news on the company and the company did report better than expected earnings the previous week, suggesting that fundamentally, this move down is not supported. This suggests that this move down is all about the bulls building a new support level (after the new all-time low was made 6-week ago, which has not yet received the needed/required retest of it). A drop below this past week's low will open the door for such a retest to occur and that is likely what is happening. Intraweek support is found at 18.72 and at 17.68, the first of which is a probability with the second being just a possibility. A break below the latter and closure of the runaway gap down at 17.06 would negate what the bulls have accomplished recently. The stock did gap down on Thursday from 20.75 to 20.39 and the gap was not supported with news, meaning that it is a magnet for closure. As such, the chart suggests that both 18.72 and 20.75 will be seen this week, and if the latter is seen after the former is reached, it will suggest that further upside is to come over the next few weeks.