Zak Mir Video Blog On Bulletin Board Heroes: Nostra Terra, San Leon Energy and Seeing Machines

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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:

Nostra Terra Oil & Gas (NTOG)

A sharp spike to end last week through the 200 day moving average – now at 0.28p – implies a sustained move to the upside is on its way.

Near term support is seen as coming in towards the July resistance zone under 0.35p, with the need to unwind the latest overbought RSI at 80 plus.

The stop loss on the bull argument is an end of day close back below the August 0.31p peak, while a weekly close through 0.45p is needed to deliver 0.7p major post 2013 resistance.

San Leon Energy (SLE)

The current setup is most likely a mid move consolidation bull flag ahead of the expected 3.5p plus June price channel top of 3.5p plus over the next couple of weeks.

The as yet unfilled gap to the upside from the beginning of July which kicked off the latest bull run is a very significant driver for the recovery.

Any weakness towards the 10 day moving average at 2.84p can be regarded as a buying opportunity to improve the risk / reward of going long.

Seeing Machines (SEE)

Shares of Seeing Machines have delivered a very positive break to the upside in the wake of an unfilled gap through August resistance at 5.75p.

The best case scenario is that we have no end of day close back below the 200 day moving average at 6.62p ahead of a journey towards the 2013 resistance line projection at 12p over the next 1-2 months.

Any weakness back towards the 200 day line to unwind the present overbought RSI at 80p plus can be regarded as a buy opportunity.

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