Zak Mir Video Blog On Bulletin Board Heroes: Mosman Oil & Gas, Mwana Africa, Scancell and Snoozebox

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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:

Mosman Oil & Gas (MSMN)

The shares have delivered a higher November support zone versus October and above the 10p level.

An end of day close back above the 50 day moving average at 16p could lead to the 2014 price channel top at 30p.

Only well below the 10p zone would turn this situation outright bearish.

Mwana Africa (MWA)

After an extended consolidation around the 200 day moving average, now at 2.18p, the shares have continued to rise in near vertical fashion.

The latest price action could mean a move towards the December price channel top at 3.5p over the next 2-4 weeks.

Only cautious traders would wait on any dips towards the 200 day moving average before taking the plunge on the long side.

Scancell (SCLP)

Scancell shares are continuing to build after the October gap fill failure this month and rebound off the 200 day moving average at 34p.

The best way forward now is probably to look to buy into any weakness towards the 200 day moving average / bull flag floor.

Only cautious traders would wait on a clearance of the November 40p resistance line as a momentum buy signal before going long.

Snoozebox (ZZZ)

We have a V shaped bull flag resting above the bull flag at 9.17p appears to a robust setup.

While above the 200 day moving average there is the chance of a decent tally towards the 15p plus 2014 resistance.

The favoured scenario is that there will be a relatively sharp break to the upside over the next 2-3 weeks.

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