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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)
Best case scenario target now on offer over the next month is 4p at a 2013 resistance line projection heading for 4p.
An end of day close back below the 10 day moving average at 2.47p is a decent risk / reward stop loss.
Any weakness towards the 10 day moving average is regarded as a buying opportunity at the moment.
UK Oil & Gas (UKOG)
The shares have delivered a very healthy bull flag breakout to end the week, through former June 1.63p resistance.
The top of a March rising trend channel at 2.5p is the implied one month technical target.
The stop loss is an end of day close back below the 20 day moving average at 1.4p for cautious traders.
Stellar Resources (STG)
There has been a bull flag consolidation above the 20 day moving average at 0.94p so far this month.
The rising trend channel from April backs Stellar Resources towards 1.8p plus by the end of October.
The favoured stop loss is an end of day close back below the 20 day moving average / April support line.
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