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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:
Aminex (AEX)
There is further upside seen despite all the recent gains.
The magnitude of the 2014 price channel suggests 3.5p plus could be achieved in 2-4 weeks.
The preferred stop loss is an end of day close back below the initial September resistance at 2.4p.
Bahamas Petroleum (BPC)
The shares have delivered a very healthy consolidation at and above the 50 day moving average at 2.3p.
There has been an impressive looking bull flag forming above the 50 day moving average to start this week.
The stop loss is an end of day close back below 2.3p ahead of a February price channel top target of 2.5p plus over the next 1-2 months.
Touchstone Gold (TGL)
There has been an extended base made by the shares at the floor of a December price channel towards 0.5p since May.
The rising trend channel from December backs Touchstone Gold towards 1.5p plus by the end of October.
The favoured stop loss is an end of day close back below the 200 day moving average at 0.6p.
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