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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)
Extended base within rising late 2013 price channel.
Initial June bull flag / gas above former May resistance.
Above 10 day moving average at 36p suggests as high as 50p over the next 1-2 months.
Doriemos (DOR)
Rising October price channel in control on daily chart.
Implied 0.25p target at the top of post 2013 trading range.
Break of 200 day moving average at 0.13p would be a decent momentum buy trigger, now that the 50 day moving average has come in as support.
Camco Clean Energy (CCE)
Overall rising September price channel on daily chart.
Run up to 50 day / 200 day moving average buy signal.
Break of recent 6p resistance should lead to 10p plus.
CLICK THE IMAGE BELOW TO GET ZAK’S TOP 5 CURRENCY PICKS FOR 2H 2014