Zak Mir video blog on bulletin board heroes: Doriemus, Frontera Resources, Rose Petroleum and Stellar Resources

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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)

The latest triangle breakout looks to be the start of a sustainable move.

The magnitude of the 2014 price channel suggests 0.35p plus could be achieved in 6-8 weeks.

The preferred stop loss is an end of day close back below the 200 day moving average at 0.17p, although support expected at / above July resistance at 0.2p.

Frontera Resources (FRR)

The shares have delivered a very healthy consolidation at and around the 200 day moving average at 0.71p.

There has been an impressive break this week to clear August / September resistance at 0.83p.

The stop loss is an end of day close back below 0.83p ahead of a May price channel top target of 1.4p over the next 1-2 months.

Rose Petroleum (ROSE)

There has been an extended bull within a rising June price channel based at 3.2p.

The rising trend channel from end of May backs Rose Petroleum towards 5p plus by the end of October.

The favoured stop loss is an end of day close back below 3.2p.

Stellar Resources (STG)

There has been an ultra sharp break to the upside for Stellar Resources shares to start September.

The key charting feature in the near term will be the 1.07p resistance of July to come in as new support.

The best case scenario target is as high as 3p over the next 1-2 months, especially if the shares do not fall below the old July high this week.

ARE THE MARKETS OVER-VALUED?

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