Zak Mir Top Traded Tiddlers! REM, MTV & BMN

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By Zak Mir. 

 

Top Traded Tiddlers!

A technical look at some of the most actively traded small caps of the moment, which includes Rare Earth Minerals, Motive Televisions, and Bushveld Minerals.

Rare Earth Minerals (REM): 

  • Painful aftermath of initial false 1p neckline resistance break.
  • Support so far coming in at the floor of a rising trend channel from August at 0.8p.
  • Allow down to 0.7p ahead of likely 1.5p post September resistance retest during November. 

Motive Television (MTV): 

  • Recent failure to sustain 200 day moving average at 0.021p
  • Still uncertainty as to whether post September 0.045p resistance can be retested.
  • August RSI trend line break could be a leading indicator on a fresh support test below 0.02p.
  • Momentum traders would wait on October resistance break through 0.03p before going long again. 

Bushveld Minerals (BMN): 

  • Broadening triangle from October last year based at 3p.
  • Double rebound off triangle over past month.
  • Likely sustained rebound on an end of day close back above 20 day moving average at 3.63p.
  • Target towards 6p July support on a 20 day moving average clearance. 

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