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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:
Caza Oil & Gas (CAZA)
Extended base from the autumn finally leads to recovery.
May witnesses 50 / 200 day moving averages golden cross buy signal.
Implied 30p target at the top of a rising October price channel.
Doriemus (DOR)
Possible new support towards the former September / October resistance.
Ideally, a resumption of the range of the past 9 months.
The February RSI resistance line break at 35 could trigger fresh rally.
Motive Television (MTV)
The latest narrow bear trap at range floor appears significant.
Rising August price channel is likely to drag share price higher.
Buy trigger, a break of neutral 50 RSI.
CLICK THE IMAGE BELOW TO GET ZAK’S TOP 5 CURRENCY PICKS FOR 2H 2014