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Author Archives: Zak Mir

Transense Technologies Plc Extended 1p Support Zone

Most traders will be all too familiar with the concept of “catching a falling knife”, with the problem in such circumstances tending to be that having bought low  there is the dilemma of whether to add to a position – doubling up, or simply head for the exit? In the case of Transense Technologies (LON:TRT) we have a situation where the stock has been in a steep decline for much of the post November period, with only a brief flurry to the upside at the beginning of last month. TRT Transense Technical Analysis 090415 This came in the form of a bull trap through the 50 day moving average then at 2p plus. It is now down to 1.57p and is likely to be a pivotal fe

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Resource Holding Management ltd Major 5p Support

Although at first glance it may not appear that shares of Resource Holding Management are not the most bullish in the world, a look at the longer term charting configuration suggests that most of the dirty work in terms of base building has actually been achieved. This is because there has been a rebound from the floor of an extended price channel which can be drawn on the daily chart from as long ago as September 2012. To this can be added an oscillator signal in the RSI window where the recent probe towards the 5p level was not matched by a lower oscillator trace. This bullish divergence has already lifted the shares off the lowest levels, with the implication now being that while there is no sustained price action back below 5p / the three year support line projection we can rightfully regard Resource Holding Management as a bona fide recovery situation. <a href="http://www.directorstalk.com/wp-content/uploads/2015/04/RHM-Resource-Holding-Management-Technical-Analysis-090415.jpg"

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Venn Life Sciences (LON:VENN) Above 200 Day Moving Average Targets 35p

Venn Life Sciences Holdings Plc

Venn Life Sciences (LON:VENN) shares may clearly not be the most liquid in town – yet, but it can be seen that there have been decent technical and charting signals here in the recent past. All of this goes to suggest that this is a situation which merits being followed quite closely over the next 1-2 months. The start of the recovery here came via a quite unusual, but quite special one day island bottom reversal in December – with the gap down and then gap up to mark out the floor for the shares. Since then we have seen a recovery of the former September support at 16.2p in December, and then the 200 day moving average now at 20.4p for the start of January. <img class="aligncenter size-full wp-image-664579" src="http://www.directorstalk.com/wp-content/uploads/2015/04/VENN-Venn-Life-Sciences-Technical-Analysis-020415.jpg" alt="

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Alliance Pharma (LON:APH) Wide 2014 Price Channel Points To 45p Plus

Alliance Pharma (LON:APH) is currently sporting a daily chart which inspired technical confidence, if nothing else. This is because over the initial part of 2015 we have been treated to an extended double bounce off the 200 day moving average now at 33.98p. There is also the backing of a wide rising trend channel which can be drawn from the beginning of 2014p, one which has its base effectively at the 200 day line level. All of this goes to suggest that much of the heavy lifting with regard to the shares putting in an extended floor prior to a fresh sustained journey to the upside. APH Alliance Pharma Technical Analysis 020415 Just how

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Daily Internet plc (LON:DAIP): Gap Through 200 Day Moving Average Targets 3p

Daily Internet PLC

            One of the more reliable charting signals that we can be treated to in the scheme of price action events is an unfilled gap to the upside through the 200 day moving average. This tends to be reliable on the basis that the 200 day line is traditionally seen as being the boundary between the bulls and the bears, with a thrust above this feature which has been so sharp that there are no traders, especially powerful. This is what we have just been witnessing at Daily Internet (LON:DAIP), with the message at the moment being that even though this is clearly not a liquid stock, the technical signal here is robust and should trigger follow on gains.   <img class="aligncenter size-full wp-image-664447" src="http://www.directorstalk.com/wp-content/uploads/2015/04/DAIP-Daily-Internet-PLC-Tec

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