Zak Mir video blog on bulletin board heroes: Doriemus, Rare Earth Minerals, Octagonal, Rose Petroleum and Astar 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)
Range between 0.10p to 0.25p again.
Only a break of the 50 day moving average at 0.12p would currently be a negative.
Run up to a possible 50 / 200 day moving average golden cross later this month.
Rare Earth Minerals (REM)
Extended June bull flag breakout.
Initial 1.5p technical target hit.
Still on track for implied retest of 1.50p plus while above June 1.18p peak.
Octagonal (OCT)
Gap higher after a second bull flag breakout above the 50 day moving average at 0.34p
On track for an implied December price channel top target of 1p over the next 2-3 months.
Cautious traders wait on 0.6p resistance break.
Rose Petroleum (ROSE)
Double June bounce off the 50 day moving average, now at 1.84p.
Latest surge through the 10 day moving average at 2.35p.
Above recent 2.50p – 2.60p resistance targets a partial or even full retest of former June 4p resistance.
Astar Minerals (ASTA)
Similar near term charting position to Rose Petroleum (ROSE).
Late June rebound from above the 50 day moving average at 1.44p.
Best case scenario targets towards June’s best levels near 4p while above the 10 day moving average at 1.76p.
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