Zak Mir Video Blog On Bulletin Board Heroes: Aminex, UK Oil & Gas and Doriemus

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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:

Aminex (AEX)

Aminex shares have delivered a vertical spike and subsequent bull flag consolidation above 1.18p.

The latest unfilled gap to the upside highlights the momentum behind the shares.

The stop loss on the bull argument is an end of day close back below 1.18p, while the target over the next 4-6 weeks is a journey to the December 2013 price channel top of 2p plus.

UK Oil & Gas (UKOG)

The shares look to be finally exiting the recent 1p – 1.30p zone consolidation which has been in place since the end of June after that month’s spike through 1.5p.

An end of day close back above June resistance line at 1.25p with price action wholly above this level should be enough to deliver a new leg to the upside.

Only an end of day close back below the June price channel floor cancels the prospect of a rally to 2p plus at a three month resistance line projection.

Doriemus (DOR)

Shares of Doriemus have been within a triangle consolidation pattern since the end of May.

The best case scenario is that we have no end of day close back below the 200 day moving average at 0.15p, with a push to the 2014 price channel top of 0.3p plus on a 1-2 month timeframe being possible.

Cautious traders would wait on any weakness back towards the 200 day line to improve the risk / reward of going long after the latest spike.

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