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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:
Berkeley Mineral Resources (BMR)
The sharp rebound off the floor of a rising February price channel on the daily chart at 1.5p should deliver further upside.
Any weakness towards the 50 day moving average at 1.63p is currently regarded as a buying opportunity.
The top of the rising trend channel from the beginning of the year / June resistance at 2.5p is regarded as the likely 1-2 month timeframe target.
EMED Mining (EMED)
The break of the 50 day moving average at 7.24p / April resistance flags that a significant rally could be on tap over the course of August.
Above the 50 day line suggests a new bull phase is on tap to at least retest the Q1 2014 resistance zone at 11p plus.
There is initial resistance is at the 200 day moving average of 8.3p.
Victoria Oil & Gas (VOG)
The pullback from the July double top towards 1.8p looks to be complete.
The latest price action strength is backed by a rising trend channel from the end of April based at 1.25p.
The upside is seen as being as high as the top of a rising April price channel at 1.8p plus over the next 1-2 months.
CLICK THE IMAGE BELOW TO GET ZAK’S TOP 5 CURRENCY PICKS FOR 2H 2014