Zak Mir Video Blog On Bulletin Board Heroes: Bowleven, Caza Oil & Gas and Evocutis

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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:

Bowleven (BLVN)

An end of day close back above the 200 day moving average at 35p could finally indicate the post November basing is complete.

The near term support for the shares is coming in towards the floor of a November price channel at 34p.

Above the 200 day line the initial target for Bowleven is a return to the June 45p plus resistance zone.

Caza Oil & Gas (CAZA)

Post May consolidation complete after a sharp April – June rally from 8p to 25p plus.

Above the17p May gap floor level suggests a possible return to the April price channel top as high as 30p.

Cautious traders would wait on an end of day close back above the initial September peak at 21.45p before going long.

Evocutis (EVO)

The shares look to have stabilised after a sharp pullback from recent highs towards 1.2p.

The floor of the latest bull flag consolidation is towards the 0.55p 20 day moving average level.

Only an end of day close back below the 20 day line would delay the prospect of a retest of the best levels over the next few weeks.

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