Home » Author Archives: Zak Mir (page 2)

Author Archives: Zak Mir

Adept Telecom Plc New Higher Target Towards 250p

AdEPT Telecom plc

        ADT Adept Telecom Technical Analysis 240415     What can be seen on the daily chart of Adept Telecom Plc LON:ADT over recent months is the way that there have been plenty of positive developments in terms of the charting configuration. As far as one of the best technical boxes that are being ticked at the moment we can say that the recent chapter here started off with a golden cross buy signal between the 50 and 200 day moving averages in December. This was followed by double test of the 200 day line currently a £1.35 over February and March. The latest developments include a bull flag breakout potentially above the 50

Read Article »

Vipera Plc Bear Trap Gap Reversal Targets 8p

Vipera plc

What can be said that the price action here at Vipera PLC (LON:VIP) over recent months has been on the ragged side, largely due to a lack of big trading volume, the overall pattern especially since the turnaround in April does appear to be relatively encouraging. VIP Vipera plc Technical Analysis 200415 This is because we have just been treated to a bear trap gap reversal, with the shares rebounding from below the 4p level and the former August support/2014 floor just under 4.5p. This leaves us with a decent set up in terms of the aftermath of an unfilled gap, with the implication being that while there is no end of day close back below last year’s rising tren

Read Article »

Andes Energia PLC Gap Catalyst Suggests Return To 36p

Chart Analysis

                AEN Andes Energia Technical Analysis 200415   Although it can be seen from the daily chart that October served up a brief rebound for shares of Andes Energia (LON:AEN), one that much have sucked in a few bottom fishers, the end of week recovery that we have just been treated to does appear to be a much stronger event, and of course one which may in turn be all the more sustainable. The reason for suggesting this is the way the 50 day moving average now at 22.48p should be coming as support for the shares over the near term. Indeed, with the RSI at 78 and very overbought, o

Read Article »

Tethys Petroleum Ltd (LON:TPL): Selling Climax Triggers Initial Rebound

Chart Analysis

The overall charting situation at Tethys Petroleum Ltd LON:TPL is of interest at the moment given the way that after an extended decline within a falling trend channel from September it would appear that we finally have the possibility of a turnaround. This is said on the basis of the latest selling climax for April after which the shares fell below the 5p level, and then the high volume buying associated with this week’s turnaround and recovery of the 5p zone. tethys petroleum ltd What will be key over the next few sessions for Tethys Petroleum Ltd LON:TPL  is whether the shares can recover the initial April support at 5.28p on a weekly close basis. If this is the case we should be treated to at least an initial 50 day moving average target price at 7.95p, something that would take the shares back to where they w

Read Article »

Forum Energy plc (LON:FEP): 50 Day Moving Average Break Highlights 40p Target Again

The situation in charting terms has been quite encouraging at Forum Energy PLC LON:FEP for quite some time, in the sense that it has appeared that the shares are bumping along the bottom. This has been feeling since early March when there was a temporary bear trap rebound from below the former December 20 p support. The situation now is that we have seen a near vertical move through the 50 day moving average currently at 22p. This push to the upside has even more technical significance given the way that the stock has pushed through the 50 day line while it is still falling. It is usually the case with stocks and markets that when they break above such moving averages features when they are still falling, that we are treated to the best and most sustained recoveries. forum energy plc Indeed the view a

Read Article »

Versarien PLC (LON:VRS) Key 15p Support Tested

Judging when or whether an extended bear phase for a stock has run its course is not always an easy thing to do. Indeed, some may argue that it can be one of the more problematic challenges for investors, given the way that most are by definition biased to the long side anyway. In the case of Versarien PLC (LON:VRS) it can be seen how the stock has tumbled from 35p plus this time last year, towards the 15p level. Indeed, it is evident that for April to date we have been treated to a narrow bear trap rebound from below the former 15.6p March floor. It helps that the latest marginally lower low was accompanied by significantly higher RSI readings, with this bullish divergence adding to the impression that the stock could be set for at least an intermediate rebound. <img class="aligncenter size-full wp-image-666039" src="http://www.directorstalk.com/wp-content/uploads/2015/04/

Read Article »