Zak Mir Video Blog On Bulletin Board Heroes: Inspirit Energy, Kibo Mining and Transense Technologies
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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:
Inspirit Energy (INSP)
The shares are displaying a triple 2014 support test towards 1p after the October bounce towards 1p.
While there is no end of day close back below the October support would be looking to a journey to the top of an April triangle at 1.6p plus by the end of next month.
Only cautious traders would wait on a clearance of the 20 day moving average at 1.2p as a buy trigger for a new leg to the upside.
Kibo Mining (KIBO)
Kibo Mining shares have been making progress within a broadening April formation now based towards the 1p level.
The latest price action is an attempt to snap back above the 20 day moving average at 1.42p
While there is no end of day close back below the 1p zone the upside for Kibo should be towards the post April 2p plus resistance over the next month.
Transense Technologies (TRT)
The shares look to have finally rebounded off the floor of a broadening triangle which has dominated the daily chart since the start of the year.
The best way forward now is probably to look to buy into any weakness towards the 50 day moving average at 4.85p
Only an end of day close back below the 2014 triangle floor would delay the prospect of a rebound to as high as the September resistance zone towards 6.6p.
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