Zak Mir video blog on bulletin board heroes: African Potash, Oilex, Sound oil and Xcite Energy

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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)

Likely imminent extended bull flag breakout through 4p.

Implied top of December 2012 price channel target of 6p.

Stop loss on bull argument is currently an end of day close back below the 50 day moving average at 3.27p.

Oilex (OEX)

Likely bull flag consolidation after recent sharp July gains.

Above 10 day moving average / December price channel floor at 8.5p suggests current mid move consolidation.

Target towards top of December price channel top at 18p on a 1-2 month timeframe.

Sound Oil (SOU)

March price channel based at the 50 day moving average, which is at 10.53p currently.

Rising trend channel target as high as 18p on a one month timeframe.

Break of the 12.84p early July resistance should be buy trigger.

Xcite Energy (XEL)

Extended and frustrating post March consolidation in the 60ps.

End of week close above the 50 day moving average hints at a fresh rally.

Return to June resistance in mid 70ps followed by a 200 day moving average test at 87p is anticipated while March the support line at 65p is held.

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