Zak Mir video blog on bulletin board heroes: Bushveld Minerals, Monitise and Quindell

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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:

Bushveld Minerals (BMN)

Unfilled gap to the upside through the 50 day moving average.

U shaped bull flag above the 50 day line.

Break above 4.5p level on a sustained basis could see main 6p 2014 resistance retested.

Monitise (MONI)

Break of the 20 day moving average / June resistance line at 45p could signal end of recent breakdown.

Above the recent 20 day line implies a return towards July resistance / 50 day moving average at 55p.

Cautious traders could wait on the RSI 50 to break as a buy trigger.

Quindell (QPP)

Gap fill rebound based at 184p is still in progress – just.

Latest price action strength backed by consecutive days holding the 20 day moving average.

Best to assume a 190p – 260p price channel range.

CLICK THE IMAGE BELOW TO GET ZAK’S TOP 5 CURRENCY PICKS FOR 2H 2014