Zak Mir Video Blog On Bulletin Board Heroes: Gulf Keystone, Mosman Oil & Gas and Rose Petroleum

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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:

Gulf Keystone (GKP)

We are seeing a bear trap rebound from below the former 72p June support, after a bounce off the March triangle support line towards 60p.

The favoured upside is towards the 50 day moving average at 84p initially, after which the March triangle top at 120p  is the best case scenario target over the next 1-2 months.

An end of day close back below the June low at 72p is the stop loss here.

Mosman Oil & Gas (MSMN)

The wind down from the June / July double top through 50p at best looks to be complete.

August price action to date has consisted of probes for support towards the May price channel floor at 18p.

The implied technical target over the next month is as high as the upper 20s, with a buy trigger for cautious traders being an end of day close back above the 20 day moving average at 21p.

Rose Petroleum (ROSE)

The recent consolidation after an extended rally from May looks to be complete with support currently coming in towards the floor of  a three month rising trend channel at 2.8p.

The best case scenario upside on offer currently is a journey to the May price channel top as high as 5p over the next 1-2 months.

Only back below initial August support / 2.5p would really be negative enough to cancel the bull argument here.

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