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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)
Extended base within rising February 2013 price channel.
Spike through 50 day moving average.
Above 50 day moving average at 0.83p suggests eventual 1.5p plus zone during the next 1-2 months.
Leni Gas & Oil (LGO)
Unfilled gap to the upside through former 2p resistance.
Extreme 90 plus RSI reading.
Implied 4p plus target at the top of a rising 2013 channel while support just below 2.5p remains in place.
Rose Petroleum (ROSE)
Textbook charting setup going into the start of this week.
Pennant continuation formation with 2.5p plus buy trigger.
Implied measured move target at 4p hit.
CLICK THE IMAGE BELOW TO GET ZAK’S TOP 5 CURRENCY PICKS FOR 2H 2014