Trading

Finnaust Mining: Extended bearish divergence in place

Finnaust Mining: Extended bearish divergence in place

1 mins. to read

Finnaust Mining (LON:FAM) has been a bit of a head scratcher this year. The reason being that the company has clearly been helped by the massive rebound in the sector to which it belongs, but with siren voices suggesting it may be overvalued. I have to say that there is some entertainment value associated with…

88 Energy: Bullish wedge break to lead back towards 3p

88 Energy: Bullish wedge break to lead back towards 3p

1 mins. to read

It has been a rather frustrating autumn for fans of 88 Energy (LON:88E), but in the aftermath of the latest price action recovery here, it would appear the waiting game is over. One of the more tricky aspects of investing in small caps is that, on occasion, expectations and share prices can run away with…

LGO Energy: Technical target points towards 0.25p

LGO Energy: Technical target points towards 0.25p

1 mins. to read

It may just be the spirit of Christmas, and it may not last. But it does feel like some of the former Bulletin Board Heroes such as Cloudtag and Amur Minerals are back in business to end 2016. LGO Energy (LON:LGO) was the company that got me started in small caps charting some three years…

Plus500 shares reach notional charting support towards 300p

Plus500 shares reach notional charting support towards 300p

1 mins. to read

I have to confess that I really enjoyed the time when Vince Cable was the Business Secretary as I could refer to him as the Anti-Business Tsar. The FCA remind us how they are the Business Prevention Authority, and seemingly have the remit of undermining the City of London. One of my immediate thoughts in…

InterQuest: Bear trap gap fill reversal points towards 60p

InterQuest: Bear trap gap fill reversal points towards 60p

1 mins. to read

Given that I seem to be interviewing high profile investor Jim Mellon every other week, it would appear churlish not to look at InterQuest (ITQ) and his increased stake in the specialist recruitment group. I presume Jim Mellon did not make his millions from studying charts. However, it could be argued Mr Mellon behaved as a chartist…

Amur Minerals: ‘Golden cross’ buy signal approaching

Amur Minerals: ‘Golden cross’ buy signal approaching

1 mins. to read

Amur Minerals (LON:AMC) was a hero stock for private investors in the first half of last year, moving from below 10p to over 40p in ultra quick time. They will be hoping that history repeats itself going into 2017. I interviewed Robin Young, the CEO of Amur Minerals, a month ago, and he stated that…

Red Rock Resources: Triangle target well north of 1p

Red Rock Resources: Triangle target well north of 1p

1 mins. to read

Following on from yesterday’s look at Metal Tiger (LON:MTR), we have a company which has been helped by its association with it, Red Rock Resources (LON:RRR). I have to admit that one of the more memorable events of my 2016 was introducing the Executive Chairman of Red Rock Resources at an investor presentation just last…

Metal Tiger (MTR): Bullish wedge breakout awaited

Metal Tiger (MTR): Bullish wedge breakout awaited

1 mins. to read

Bizarre, is the best description of the offer made for Metal Tiger (LON:MTR) last week. But it may be that this now offers an opportunity to squeeze some bears. Metal Tiger is certainly a private investor favourite, helped along by the inspirational leadership of its former head honcho Paul Johnson. But things took a strange…

Gulfsands Petroleum: March price channel target at 16p

Gulfsands Petroleum: March price channel target at 16p

1 mins. to read

Gulfsands Petroleum (LON:GPX) was in a former life a play on Syrian assets, but it seems that Columbia is the focus now. Gulfsands Petroleum has understandably been rather under a cloud since the conflict in Syria, even though this company has interests in various geographies. They include Tunisia, Morocco and Colombia. Indeed, in the past…

Pan African Resources: Above the 200 day line targets 28p

Pan African Resources: Above the 200 day line targets 28p

1 mins. to read

Although there is still over a month to go to get over the finishing line, looking at some of the best performing stocks of the year to date reveals a surprising name or two. Although the concept of momentum trading is one which is easy to understand, it can be somewhat problematic to carry to…