Zak Mir Video Blog On Bulletin Board Heroes: Amur Minerals, DQE Entertainment, Goldplat, Mediazest and Outsourcery

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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:

Amur Minerals (AMC)

The latest move higher via a gap suggest that we are in the mature phase of a rally but there may still be more to chase.

The favoured upside at this stage is as high as a 2013 rising trend channel top at 16p.

At this stage only sustained price action back below the top of the gap at 10p would indicate that the best is over for Amur Minerals in the near-term.

DQ Entertainment (DQE)

After an August bear trap towards the 5p level we have seen shares of DQ Entertainment deliver an extended base largely above the 50 day moving average at 9.63p.

The latest break of the 200 day moving average does suggest that the shares could deliver a sustainable move to the upside.

The favoured destination over the next 1 to 2 months while the 50 day line holds is as high as 25p at the top of a March rising trend channel.

Goldplat (GDP)

A fresh rally looks to be on the way after a Bull Flag has formed with its floor at the 50 day moving average at 3.63p.

The chances now are that while there is no end of day close back below the 50 day line we shall see a break through the 200 day moving average, just above current levels and onto the top of a falling trend channel from the beginning of this year at 6p.

The timeframe on such a move would be the next 4 to 6 weeks.

Mediazest (MDZ)

Mediazest shares are most likely to be in a mid move consolidation above the 20 day moving average at 0.3p.

Above the 20 day line progress within a rising trend channel from August last year is expected.

The favoured 4-6 week target is as high as the 2013 resistance line projection at 0.8p.

Outsourcery (OUT)

The shares have consolidated well within what looks to be an extended saucer formation on the daily chart in place since July.

The view at the moment is that this week’s unfilled gap to the upside could be the set up for further sharp gains above 30p to end 2014.

The best way forward now is probably to look to buy into any weakness towards the gap floor at 23p, with only an end of day close back below this number delaying the prospect of a 30p break and an eventual June resistance target at 50p plus by the end of January.