Zak Mir Video Blog On Bulletin Board Heroes: Aminex, Inspirit Energy and Regency Mines

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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)

A sharp spike to end last week through the 200 day moving average- now at 1.04p – implies a sustained move to the upside is on its way.

Near term support is seen as coming in towards the 200 day line, with the need to unwind the latest overbought RSI at 80 plus.

The stop loss on the bull argument is an end of day close back below the 200 day moving average, with the target as high as a December resistance line projection at 2p plus over the next 4-6 weeks.

Inspirit Energy (INSP)

The current setup is most likely a mid move consolidation bull flag based at the 10 day moving average at 1.4p within a broadening triangle from October last year.

The latest rebound should lead back towards the top of the October triangle at 2.75p over the next 4-6 weeks.

Any weakness towards the 10 day moving average can be regarded as a buying opportunity to unwind the overbought RSI at 70 plus.

Regency Mines (RGM)

Shares of Regency Mines have delivered a very positive and extended consolidation since May along the floor of a rising trend channel from January based at 0.27p.

The best case scenario is that we have no end of day close back below the January support line ahead of a journey towards the 2014 resistance line projection at 0.5p over the next 1-2 months.

The stop loss on the buy argument is back below the 2014 uptrend support line.

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