Zak Mir Video Blog On Bulletin Board Heroes: Hurricane Energy, Roxi Petroleum and SolGold

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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:

Hurricane Energy (HUR)

Overall, the 2014 chart pattern is of new support coming in above former resistance – a very strong technical set up.

Ideally, the recent consolidation at the 50 day moving average at 38p has been completed ahead of a fresh push towards the February price channel top at 60p.

An end of day close back below the 50 day moving average is the preferred stop loss currently.

Roxi Petroleum (RXP)

An unfilled gap to the upside through the 200 day moving average in July was the trigger for the current sharp bull run.

Above the 10 day moving average at 13p still points to a retest of the best levels to date towards 20p.

Any weakness towards the 10 day moving average is currently regarded as a buying opportunity.

SolGold (SOLG)

SolGold shares have delivered a strong rebound off the floor of a falling trend channel at 5.5p to start this week.

The latest price action is backed by a rebound off a June RSI support line near the oversold 20 level.

Initially, we should look towards a test of the 2014 price channel top / 200 day moving average at 9p over the rest of August and going into September.

CLICK THE IMAGE BELOW TO GET ZAK’S TOP 5 CURRENCY PICKS FOR H2 2014