BCTX generated a new 8-week weekly closing low and closed on the low of the week. suggesting further downside below last week's low at 9.11 will be seen this week. There was no new news, meaning that this move is likely all chart oriented for a retest of the original breakout level at 8.69. The $10 demilitarized zone has now become resistance and the 11.65 level is now short-term pivotal resistance.

GSTRF generated a new 15-week weekly closing and closed on the low of the week, suggesting further downside below last week's low at .282 will be seen this week. There is intraweek support at .25. This is an important week for the stock, given that the .29 level (on a weekly closing basis) was the original breakout level, meaning that a red close this Friday would negate the rally up to the $1, while a green weekly close would open the door for the stock to start moving back up again. The .362 level is short-term pivotal resistance.

LXRX made a new 5-week intraweek high and closed at the pivotal weekly close resistance at 1.49. The stock closed in the upper half of the weekly trading range, suggesting further upside above last week's high at 1.64 will be seen this week, Intraweek resistance is found at 1.66, which if broken would suggest that the 200-week MA, currently at 1.75, would be tested. The stock reported earnings the previous week and they were better than expected, meaning that the probabilities do favor this happening. Pivotal intraweek support is found at 1.18, which if broken would negate all of the above.

MMM generated a green weekly close but did close in the lower half of the week's trading range, suggesting a higher probability of going below last week's low at 163.97 than above last week's high at 172.56. If that occurs, last week's high would become a successful retest of 4-year intraweek high at 172.85. A break below the most recent low at 159.35 would mean that the stock would remain either on a long-term sideways trend or a downtrend (the latter a very small possibility), with a potential retest of the 200-month MA, currently at 119.23, to be seen within the next 6-9 months. Daily close support is found at 160.20, meaning that if the stock closes below the bottom of the $160 demilitarized zone (below 159.60), all of the above would gain further traction. Pivotal daily close resistance is found at 170.60.

NB generated a new 8-week intraweek and weekly closing low but the bulls did manage to generate a very slight close above the mid-point of the week's trading range, suggesting a slightly higher chance of going above last week's high at 6.49 than below last week's low at 5.21. The $5 demilitarized zone is a proven weekly close support level, as well as a normal psychological support level as well. In addition, the week's low (as well as the multi-week low) was seen on Friday but then the stock generated a positive reversal day, as well as a close near the high of the day, suggesting further upside above Friday's high at 6.21 will be seen on Monday. As such, the probabilities do favor the bulls this week.

USAR made a new 8-week intraweek and weekly closing low and closed near the low of the week, suggesting further downside below last week's low at 13.93 will be seen this week. Having said that, the $14 demilitarized zone is established support of consequence, meaning that there are many supports here, such as the 200-day MA, currently at 14.06, Pivotal weekly close support at 13.86 (13.53 on a daily closing basis) and at 14.09, which was the original breakout point. As such and unless the outlook for the company is negative for the future, this whole areas should hold up. Short-term pivotal daily close resistance is now found at 17.72. I am planning to add positions this week.

VWDRY generated a new 16+ month intraweek high but failed to confirm it when it closed below the 16+ month weekly close resistance at 8.12 (closed at 8.03). The stock closed in the lower half of the week's trading range, suggesting that further downside below last week's low at 7.88 will be seen this week. The 200-week MA is currently at 7.67 and that is probably the downside target as that line had not been broken to the upside for 18 months and as such, requires a successful retest of it, before the bulls climb aboard for more upside. It does bear mentioning that the stock has literally doubled in price over the past 7 months (from 3.96 to 8.50), meaning that further upside does need closer support levels to be built. Established intraweek support is now found at 7.34, which should not be broken unless the upside is finished (unlikely give the recent earnings report). Intraweek resistance is now found at 8.50, which if broken would have open air to 9.72.

ZLAB generated another new 14-month intraweek and weekly closing low. The stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 21.25 will be seen this week. Having said all of that, this was the smallest trading range seen ($1.15) in the last 14 months, suggesting the bears are running out of ammunition. The $20 level is very important support and it is surprising the given the previous week's trading range of $5.73 (to the downside) that the $20 level was not reached this week. Last week's high at 22.40 is now considered short-term pivotal resistance, which if broken, would show open air above to the 25.25 level. . The $20 level was the original breakout point and given that the fundamentals do not suggest that the company is failing, it is doubtful that it will be broken. For now, the $20 level is support and the $25 is resistance. This trading range is likely to be the one seen during the next 1-3 weeks or until new information comes out.