CLICK THE IMAGE BELOW TO VIEW TODAY’S VIDEO
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:
Bacanora Minerals (BCN)
Recent September consolidation has been towards the 20 day moving average at 71p.
An end of day close above the 20 day line could trigger a rise towards range highs of 90p.
The preferred stop loss is an end of day close back below the 65p zone.
Hurricane Energy (HUR)
The shares have delivered a very healthy consolidation at and above the 38p zone in recent weeks.
An end of day close above the 50 day moving average at 41.73p would be a decent momentum buy trigger.
The stop loss is an end of day close back below August 36p support for cautious traders.
Leni Gas & Oil (LGO)
There has been an extended base made by the shares at the floor of a June price channel towards 4.5p
The rising trend channel from December backs Leni Gas & Oil towards 7p plus by the end of October.
The favoured stop loss is an end of day close back below the 10 day moving average at 4.47p.
GET YOUR FREE COPY OF DOMINIC PICARDA’S GUIDE TO TECHNICAL ANALYSIS – CLICK THE IMAGE BELOW