Zak Mir Video Blog On Bulletin Board Heroes: Bowleven, Doriemus 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:

Bowleven (BLVN)

The June bull trap high on the daily chart through 45p still dominates the price action.

The risk of a June gap floor test at 33.5p remains while 40p caps the price action.

A push towards the long standing technical target towards 50p is still on while the June gap provides support.

Doriemus (DOR)

Complex, but apparently positive consolidation occurring within post May triangle formation.

Doriemus has delivered an initial August bounce off July 0.12p support, with yesterday’s hammer candle an encouraging development.

Above the July / August support leaves the door open for a return to 0.25p range highs from early 2014.

Quindell (QPP)

We have a sharp August bear trap rebound from below the former June 150p intraday double bottom support.

The latest price action should mean support comes in towards the June low and hence provides a bottom fishing opportunity while the August 138p floor to date holds.

The upside is seen as being as high as an April resistance line / 20 day moving average at 196p, even if the 2014 sell off continues after that.

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