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Although we have seen a slight cooling off in terms of the price action since the beginning of the week at the trio of AIM stocks Motive TV, Atlantic Coal and Doriemus, it is evident to me that at least for now the technicals remain firm for each and we have the promise of further constructive moves over the course of January.
Motive TV (MTV):
Initial January break above 200 day moving average at 0.02p / extended RSI support line provides positive momentum.
Likely repeat of spikes seen in March and September last year.
Target towards range highs / 0.05p by the end of February.
Atlantic Coal (ATC):
Extended bull flag after September’s 200 day moving average break.
Support points now well above 200 day line at 0.18p.
April price channel top target towards 0.4p still a target by the end of February.
Doriemus (DOR):
Rising October price channel based above 0.17p former October resistance currently.
Support coming in above 0.19p / 50 day moving average level.
Target towards October resistance line projection / 0.4p – as soon as the end of February.
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