Zak Mir video blog on Bulletin Board Heroes: African Potash, Leni Gas & Oil and Rare Earth Minerals

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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:

African Potash  (AFPO)

Significant higher support above 1.5p for 2014.

Rising November price channel / November uptrend line in the RSI window.

Above 200 day moving average at 2.87p suggests an eventual 4.5p plus zone during the rest of June.

Leni Gas & Oil (LGO)

Recovery within wide 2012 price channel based at 200 day moving average level of 0.89p.

Latest unfilled gap higher suggests mid move consolidation ahead of fresh leg higher.

Implied 4p plus target at the top of a rising 2012 price channel while above the former 2012 2p resistance zone and once extreme overbought state cools.

Rare Earth Minerals (REM)

Latest gap / bull flag above 0.69p and 10 day moving average.

Recovery after extended wind down following summer 2013 mega spike.

Best case scenario near term is a test of resistance at the September price channel top of 1.5p over the course of June.

CLICK THE IMAGE BELOW TO GET ZAK’S TOP 5 CURRENCY PICKS FOR 2H 2014