Zak Mir video blog on Bulletin Board Heroes: Astar Minerals, Leni Gas & Oil and Stellar 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:

Astar Minerals (ASTA)

Sharp rebound since initial June support came in above 200 day moving average at 1.31p.

Above 200 day line suggests a return towards 2013 price channel top at 4p over next 4-6 weeks.

Ideally, no sustained weakness back below the former 2.65p September peak.

Leni Gas Oil (LGO)

Decent price action at and just below the 10 day moving average on dips – normally only seen in the most bullish of situations.

While above 10 day moving average target at 3.17p suggests “minimum” return to 4p plus for July.

Only well below 3p suggests a lasting top in place.

Stellar Resources (STG)

Sharp rebound since initial June support came in above 200 day moving average at 0.52p.

Above 200 day line suggests return towards 2013 price channel top at 1.25p over next 1-2 months.

Ideally, no sustained weakness back below the May 0.7p peak.

CLICK THE IMAGE BELOW TO GET ZAK’S TOP 5 CURRENCY PICKS FOR 2H 2014