Zak Mir Video Blog On Bulletin Board Heroes: Amara Mining, Iofina, Rose Petroleum and Solo Oil

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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:

Amara Mining (AMA)

The latest one touch rebound off the 200 day moving average at 16p is a significant positive technical signal.

The best case scenario target is as high as 35p at the top of a rising trend channel from 2013.

An end of day close above the 20 day moving average at 22p is the best initial buy trigger for cautious traders.

Iofina (IOF)

Extended basing at and around the 50 day moving average since May seems to have delivered a decent technical set up for the next 1-2 months.

Initial support towards the 10 day moving average at 54p after the latest bull flag breakout.

1-2 month target as high as the May price channel top at 75p.

Rose Petroleum (ROSE)

Retracement likely after decline from July bull trap through 4p.

The latest price action shows a rebound off both the 50 day moving average and the May rising trend channel at 3.8p.

The upside is seen as being as high as the May price channel top at 4.5p by the end of September.

Solo Oil (SOLO)

Extended bull flag in place on daily chart from June represents a positive consolidation.

Latest price action is a rebound off the May price channel floor / 50 day moving average at 0.3p.

The implied target is as high as the 3 month price channel top at 0.45p, as soon as the end of September.

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