Zak Mir Video Blog On Bulletin Board Heroes: Caza Oil & Gas, Kea Petroleum and Quadrise Fuels

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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)

This week witnessed a sharp rebound and gap to the upside off the floor of a May gap at 17.75p.

An end of day close above the 50 day moving average at 19.9p should be enough to trigger a fresh leg to the upside and a notional 30p target at the top of a rising April price channel.

The suggested stop loss on the buy argument is an end of day close back below the May gap floor at 17.75p.

Kea Petroleum (KEA)

The charting highlight is no less that three bull flags since the beginning of July.

Above the 20 day moving average at 2.48p the shares can still be regarded as a buy on dips.

A target of 4.5p, at a December resistance line projection , is currently the best case scenario on the upside over the next 1-2 months.

Quadrise Fuels (QFI)

The latest 50 day / 200 day moving average golden cross buy signal accompanies fresh momentum for the shares through 40p.

The expectation is that the eventual 1-2 month target here will be the top of a rising trend channel from October at 60p plus.

The bull argument remains while the shares remain above the 50 day / 200 moving averages currently just below 36p.

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