Zak Mir video blog on bulletin board heroes: Bowleven, Range Resources and Xcite Energy

CLICK THE IMAGE BELOW TO WATCH TODAY’S VIDEO

Spreadbet Magazine editor Zak Mir takes a look at the technical position of some of the bulletin board stocks of the moment amongst private investors.

Here are the key points from today’s video:

Bowleven (BLVN)

We have a disconcerting one day bull trap above the 200 day moving average at 40p plus.

Latest April support line rebound towards 37p provides cause for optimism.

Best case scenario target towards June peak at 45p plus while the 50 day moving average at 35p holds.

Range Resources (RRL)

Likely bull flag consolidation above the 200 day moving average at 1.27p.

Ideally no return back to below the 20 day moving average at 1.53p.

Above 20 day line still targets a top of April rising trend channel at 2.5p over the next 1-2 months.

Xcite Energy (XEL)

Fresh consolidation and rebound from the floor of the recent 60p – 90p range.

Above 60p zone allows for partial/full retest of recent 90p resistance on triple bottom possibility.

Only sustained price action back below 60p is now considered outright bearish.

CLICK THE IMAGE BELOW TO GET ZAK’S TOP 5 CURRENCY PICKS FOR 2H 2014