Zak Mir video blog on bulletin board heroes: Xcite Energy, Stellar Resources and Rose Petroleum

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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:

Xcite Energy (XEL)

Extended consolidation with two higher lows above 60p.

Latest breakout above 20 day moving average at 64p could trigger a fresh rally.

Only sustained price action back below the 20 day line delays the upside scenario and a 90p plus best case scenario target over the next 1-2 months.

Stellar Resources (STG)

Sharp pullback from the July 1.10p plus peak.

Target for a top of 2013 price channel destination at 1.4p remains.

Only back below the 50 day moving average at 0.69p delays the upside scenario.

Rose Petroleum (ROSE)

Fresh bull flag within a rising May price channel backed by the April RSI support line.

Latest price action shows support at the 10 day moving average.

Target now as high as 6p on a 1-2 month view while 2 month uptrend line is held at 2.9p.

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