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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)
Extended base within a falling February 2013 price channel.
Spike through 50 day moving average.
Above 200 day moving average at 2p suggests eventual 3.5p plus zone during the next 1-2 months.
Nostra Terra Oil & Gas (NTOG)
Initial RSI bullish divergence triggered for the start of the year.
Extended 0.25p – 0.30p consolidation going into June.
Implied 0.5p plus target at the top of a rising December price channel while above the latest 200 day moving average break of 0.31p.
Solo Oil (SOLO)
June broadening triangle pattern on daily chart.
Recovery with bull flags ahead of 200 day moving average break.
Best case scenario in the near-term is a test of resistance at the broadening triangle top of 0.4p over the course of June.
CLICK THE IMAGE BELOW TO GET ZAK’S TOP 5 CURRENCY PICKS FOR 2H 2014