Zak Mir Video Blog on Bulletin Board Heroes: Black Mountain Resources, Rare Earth Minerals & Tower 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:

Black Mountain Resources (BMZ)

Bullish falling wedge pattern breakout through 2p.

Extended October support line in RSI window, with rebound from deeply oversold levels.
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Implied return towards 4p – 5p zone.

Rare Earth Minerals (REM)

Rising 200 day moving average at 0.6p finally dragged stock higher.

Stop loss on buy argument towards today’s gap top at 0.69p.

Implied target over 4-6 weeks as high as 1.5p.

Tower Resources (TRP)

Overall broadening triangle formation.

Latest rebound off formation floor towards 2p.

Above 2p could lead back to 2014 resistance at 6p plus.
 

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