Zak Mir video blog on bulletin board heroes: Mosman Oil & Gas, Oilex and Quindell

Zak Mir video blog on bulletin board heroes: Mosman Oil & Gas, Oilex and Quindell

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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)

Best case scenario target now on offer over the next one – two months is 50p zone resistance from June / July.

An end of day close back below the October support zone of 15.5p is a decent risk / reward stop loss.

The initial target is summer resistance towards 25p after an end of day close through the July resistance line / 10 day moving average at 18.5p.

Oilex (OEX)

The shares have delivered a very healthy 200 day moving average bear trap rebound to leave them in a likely bull flag / mid move consolidation.

The top of March rising trend channel towards 13p  is the implied 1/2 month technical target.

The stop loss is an end of day close back below the 200 day moving average at 5.95p for cautious traders.

Quindell (QPP)

Shares of Quindell are once again at a key technical / charting crossroads.

The main objective for bulls of the stock is to clear a May line of resistance / 50 day moving average at 171p.

The favoured stop loss is an end of day close back below the 20 day moving average at 160p, with the target above this still towards 200p plus.

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