Zak Mir Video Blog on Bulletin Board Heroes: Altona Energy, Bioquell and Solo Oil

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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:

Altona Energy (ANR)

The shares have flipped higher in the wake of the September bear trap rebound from below former July 0.7p support.

While there is no end of day close back below 10 day moving average at 0.86p one would be looking for a return to the top of the early 2014 triangle formation at 1.8p on a 1-2 month timeframe.

Only cautious traders would wait on a clearance of the 200 day moving average at 1.05p as a break of the latest V shaped bull flag before going long.

Bioquell (BQE)

Bioquell shares have been trading within a broad May rising trend channel which has been in place on the daily chart since that month’s gap to the upside.

The implied upside while the 112p intraday floor of Friday remains in place is a return towards the top of the 2014 price channel at 140p.

Only cautious traders would wait on a deeper dive towards former post July resistance in the 100p zone before going long again.

Solo Oil (SOLO)

The shares have stalled within what was previously seen as a mid move consolidation ahead of the latest likely test of last month’s gap floor at 0.7p.

The best way forward now is to look for support coming in towards the September gap.

Only an end of day close back below last month’s gap would delay the upside scenario and an implied return to 1p plus.

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