HOME > Latest > Zak Mir Video Blog On Bulletin Board Heroes: Clontarf Energy, Monitise, Sunrise Resources on Stellar Diamonds

Zak Mir Video Blog On Bulletin Board Heroes: Clontarf Energy, Monitise, Sunrise Resources on Stellar Diamonds

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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:

Clontarf Energy (CLON)

The shares are displaying the aftermath of a May bear trap rebound from below 0.5p.

While there is no end of day close back below the 200 day line at 0.97p one would be looking to a journey to the top of May price channel at 2p by the end of next month.

Only cautious traders would wait on any dips towards the 200 day line before taking the plunge on the long side.

Monitise (MONI)

Monitise shares have been delivering a possible extended base over the past month.

The latest price action is a bear trap rebound from below the former September support at 26.25p.

While there is no end of day close back below the 20 day moving average at 29p the upside for Monitise should be towards the June price channel top / 50 day moving average at 37p over the next 4-6 weeks.

Sunrise Resources (SRES)

The shares look to have finally rebounded off the floor of a rising trend channel from this time last year at 0.4p for the start of this month.

The best way forward now is probably to look to buy into any weakness towards the one year uptrend line.

Only an end of week close back below the 2014 price channel floor would delay the prospect of a rebound to as high as the 0.8p plus zone over the next 1-2 months.

Stellar Diamonds (STEL)

The latest bounce comes off a bear trap gap reversal to back within a rising 2013 price channel based at 1.35p.

Only cautious traders would wait on an end of day close back above the 1.5p resistance zone of October to date.

The eventual target on a weekly close clearance of the 1.5p zone is a retest of the early 2014 resistance towards 2.5p on a 1-2 month timeframe.

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