CLICK THE IMAGE BELOW TO VIEW TODAY’S VIDEO
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)
Extended base within a rising October 2013 price channel.
Push through May 0.1p support required to accelerate recovery.
Above May support suggests eventual 2.5p plus zone during the next 1-2 months.
Tethys Petroleum (TPL)
May / June bear trap rebound support within falling November 2013 price channel.
Bullish divergence in RSI window after lower June price floor.
Implied 30 plus target at the top of a falling 2013 channel while support towards 20p remains in place.
UK Oil & Gas (UKOG)
Higher May floor versus December below 0.4p.
December price channel rebound accompanied by bullish RSI divergence.
Implied target towards 1p on a 1-2 month timeframe to be accelerated by 50 day moving average break, currently at 0.52p.
CLICK THE IMAGE BELOW TO GET ZAK’S TOP 5 CURRENCY PICKS FOR 2H 2014