Zak Mir video blog on bulletin board heroes: Kea Petroleum, Leni Gas & Oil and Stellar Diamonds

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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:

Kea Petroleum (KEA)

Likely imminent bull flag breakout towards a best case scenario 4.5p target.

10 day moving average at 2.1p is a handy end of day close stop loss.

July RSI uptrend line also backing the idea of recovery here towards 2014 resistance.

Leni Gas & Oil (LGO)

Recent retracement from a double top above 4p looks to be over.

Above the 20 day moving average at 3.66p suggests a top of June price channel at 5.8p as a best case scenario over the next 1-2 months.

Initial technical stop loss is 3.4p. Only back below the 50 day moving average at 3.05p would be outright negative.

Stellar Diamonds (STEL)

Extended basing along the 200 day moving average / 2013 price channel floor.

Latest price action strength backed by extended May RSI uptrend line.

Target towards last year’s price channel top / March resistance at 2.5p by September.

CLICK THE IMAGE BELOW TO GET ZAK’S TOP 5 CURRENCY PICKS FOR 2H 2014