Zak Mir Video Blog On Bulletin Board Heroes: Frontera Resources, Roxi Petroleum, Union Jack 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:

Frontera Resources (FRR):

The latest recovery attempt comes after bear trap rebound from below 0.6p.

The bull flag breakout through the initial December resistance and above the 200 day moving average at 0.76p.

A return to the post October resistance through 1p looks to be on the cards while the 200 day moving average is held.

Roxi Petroleum (RXP):

Roxi Petroleum shares have enjoyed a bear trap rebound from below the 7.8p level. Above the 10 day moving average at 7.57p we can assume a bull flag consolidation is taking place.

The latest break recovery attempt could point Roxi Petroleum shares back towards the initial November 12p gap top over the next 2-3 weeks.

Only sustained price action above the November gap at 12p would fully light up the prospect of a bullish revival for the stock.

Union Jack Oil (UJO):

There has been a sharp breakdown for shares of Union Jack Oil within a June descending triangle, following the loss of the 200 day moving average now at 0.2p in October.

The latest price action breaks the 2014 triangle and suggests intermediate recovery.

Above the former October 0.16p floor, Union Jack Oil shares could return to the post November resistance at 0.25p plus over the next 2-4 weeks.