Zak Mir video blog on Bulletin Board heroes: Arian Silver, Quindell and Range Resources
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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:
Arian Silver (AGQ)
Extended base prior to the latest triangle formation breakout.
Post September resistance target towards 60p.
Above 50 day moving average at 35.8p suggests as high as 60p over the next 4-6 weeks.
Double bottom at 10p for June similar to limited 17p bounce for April.
Implied retest of 17p zone even if breakdown continues after that.
Loss of 10p could be catalyst for further losses within overall head & shoulders reversal for 2014.
Range Resources (RRL)
Unfilled gap to the upside makes this a standout recovery.
Vertical spike through 200 day moving average at 1.3p now being retested.
Above 200 day line hints at “minimum” 2p plus retest.
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