Zak Mir on Bulletin Board Heroes: Octagonal, Max Petroleum and Quindell

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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:

Octagonal (OCT)

Extended base within a rising late 2013 price channel.

Initial June bull flag above former May resistance.

Above 50 day moving average at 0.32p suggests as high as 1p over the next 1-2 months.

Max Petroleum (MXP)

Extended basing on daily chart since February towards 1p.

Implied 2.5p target at the top of a falling wedge formation and up to 200 day moving average at 2.54p.

Break of initial May 1.55p resistance was a decent momentum buy trigger, now likely support.

Quindell (QPP)

Overall 2013 Head & Shoulders pattern.

Break of key April 17p support.

Quick recovery of April floor required to delay the prospect of former July 2013 sub 10p.

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