Zak Mir video blog on bulletin board heroes: Blinkx, Gulf Keystone and Quindell
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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:
Blinkx (BLNX)
Unfilled gap to the downside after latest profit warning.
Magnitude of decline suggests initial dead cat bounce.
Best case scenario targets towards yesterday’s 45p resistance at 45p – below 25p / February price channel floor would be of concern.
Gulf Keystone (GKP)
Bull trap above 110p.
Need for break back above 110p quickly to underline recent recovery.
Negative take is a return to an 80p – 110p range.
Quindell (QPP)
Disappointing, but not deal breaking knockback from April 255p resistance line.
Key support line from May 2013 likely to be in play.
Above 200p still leaves recovery argument on track.
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