Zak Mir video blog on bulletin board heroes: Doriemus, Castleton Technology and Rare Earth Minerals
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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:
Doriemus (DOR)
Sharp rebound off 200 day moving average at 0.13p inspires new confidence.
Above 200 day line suggests a return towards range highs at 0.25p plus.
Run up to golden cross buy signal between 50 / 200 day moving average could accelerate price action.
Castleton Technology (CTP)
Disappointing retreat towards main near term 0.8p support.
While above 0.8p zone scope for bull argument to be revived.
February resistance line projection target for 2014 up to 1.6p as a best case scenario.
Rare Earth Minerals (REM)
Latest rebound off 20 day moving average at 0.83p is floor of bull flag.
Any weakness towards 20 day line currently regarded as a buy opportunity.
Overall 2-3 month target remains retest of 2013 resistance at 1.5p plus.
CLICK THE IMAGE BELOW TO GET ZAK’S TOP 5 CURRENCY PICKS FOR 2H 2014
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