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Author Archives: Zak Mir

Amur Minerals Price Channel Target Towards 15p

Amur Minerals (LON:AMC) has been one of the exceptions that have proven the rule in terms of small cap companies in the resources space underperforming the overall market. Indeed, it can be seen have the big breakthrough here on a technical basis was as long ago as September with the clearance of the 200 day moving average than towards 4p. This move was then consolidated until November with a final test of the 200 day line as new support before a gap through the 50 day moving average cemented the idea of a sustainable recovery. The position since then has been of consolidation in the wake of a double top through 12p for December and January. AMC Amur Minerals PLC Technical Analysis 240315   However this has been a positive process in the sense that we have seen two major su

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Silence Therapeutics Technical Target Now As High As 500p

What is interesting about the recent charting position at Silence Therapeutics (LON:SLN) is the way that even before the latest gap to the upside it appeared that the shares were in recovery mode. This is said on the basis that from as long ago as October when there was a selling climax probe well below 200p, the shares have first stabilized and then broken back above the 200 day moving average now at 218p. SLN Silence Therapeutics Technical Analysis 240315   The overall the pattern since the autumn has been of a bumping along the bottom process in terms of an extended rising trend channel from late 2013. Indeed, the floor of the channel runs just above the 200 day line currently. The final big plus point stems from the oscillator window where there has bee

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Amphion Innovations Return To Post 2013 Resistance Expected

It would appear that shares of Amphion Innovations are making a second serious attempt at changing trend to the upside, after first clearance of the 200 day moving average now at 2.3p faded this time last year. The reason for optimism now on a technical perspective is the way that we have sustained the January break of the 200 day line in the aftermath of an as yet unfilled gap to the upside which kick started the latest recovery. The position now is that following significantly higher support coming in for March above the 200 day moving average and former July – September resistance towards 2.25p, we are looking at a very constructive pattern. AMP Amphion Technical Analysis 230315 Indeed, the expectation over the next 1-2 months is for progress towards

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Empresaria Group Bull Flag Push Towards 80p

It is usually the case that stocks or markets with the overall construction of new support coming in at and above former resistance are those where we can generally expect long term upside. This would appear to be what has been panning out on the daily chart of Empresaria Group (LON:EMR), where we have witnessed  December – February support just below 40p overlap with the former 2013 resistance in that zone. Since then the stock has risen sharply, off the floor of a rising trend channel from December 2013. In addition we have seen a relatively easy clearance and then test for support at the 200 day moving average now at 47p. EMR Empresaria Technical Analysis 230315   It is usually the case that stocks or markets with the overall construction of new support coming

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Oxford Pharmascience (OXP): 2014 Price Channel Targets 12p

As far as shares of Oxford Pharmascience are concerned over the near-term it can be seen on the daily chart how we have a classic technical turnaround in place. The highlight for short term traders, especially since the start of the year is the way that they have been treated to an unfilled gap through the 50 day moving average in January, an event which is typically seen only in the strongest of recovery situations. Oxford Pharmascience When you add in the way that last month the longs were treated to a golden cross buy signal between the 50 day and 200 day moving averages, then may be said that it is hardly surprising the shares have subsequently delivered a near vertical push to the upside. The current position is that while some may be concerned that the stock has travelled too far and too fast, we should still assu

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Amur Minerals (AMC): New Leg Higher Toward 14p Expected

It has certainly been the case as far as Amur Minerals is concerned that the shares’ performance over much of the past year has many put others in its sector to shame. This is especially so given the progress which was seen from September to January, a period which saw the share price more than triple. Amur Minerals While the period since then has understandably witnessed consolidation of the big move to the upside, it is evident that the stock is still very much in bull mode. This is said on the basis of the way that support has come in well above the 200 day moving average currently 6.14p, well above the post November period and in the wake of a February bear trap rebound from just below the December 7 p floor. It should also be noted that the gap through the 50 day moving average in November then towards 5p remains unfill

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Zoo Digital (ZOO): V Shaped Bull Flag Targets As High As 25p

For Zoo Digital we have seen the present recovery in the wake of a February gap to the upside come after the extended base for the shares made since the summer between 5p and 6p. The main point of interest so far this year other than the February gap has been the recovery of the 200 day moving average now at 7.3p. But what can be said now is that the key feature on the daily chart in terms of the price action going forward is the floor of the February gap at 8.54p. While shares of Zoo Digital are above to remain this level we would remain optimistic regarding the prospects for this situation, especially so given the way that the price action since the move to the upside has taken the shape of a V shaped bull flag. Such bull flags normally only accompany the sharpest of bull moves, and this is what we are expecting currently. Indeed, the technical target at this point is seen as being as great as the top of a rising trend channel from the beginning of 2013 at 25p, a target which coul

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San Leon Energy (SLE): Above 50 Day Moving Average Targets 2p Plus

San Leon Energy PLC ORD EURO0.01

It would appear that things are finally on the move and on the mend in terms of the daily chart configuration for San Leon Energy. This is said in the wake of the double gaps to the upside seen for the post February period, with the second of the gaps filled down to 1.15p ahead of a fresh rebound for the stock. There are also a couple of extra positive factors such as the way there has been an extended RSI uptrend line in the oscillator window since December, and the support offered by the 50 day moving average now at 1.21p since the middle of last month. Such 50 day moving average recoveries can lead to significant rallies, a point which is underlined by the recent improvement seen at private investor favourite Quindell (QPP). In the case of San Leon Energy it can be said that we are looking at an expected fresh leg  to the upside as a gap fill reversal rebound, with the message being that while there is no end of day close back below the 50 day line one would be looking for a jou

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Diamondcorp 12p 2013 Price Channel Top Target

The charting pattern for Diamondcorp (LON:DCP) shares since the beginning of last year looks to be something of a classic one, something which is said on the basis of the jump to the upside seen mid year, after an extended basing. This gives the impression of a “step progression” one of the stronger configurations in the technical analysis textbooks. The position now is that we are trading in the wake of narrow post October bear traps from just below the 200 day moving average at 7.17p. This has now culminated in a V shaped bull flag breakout for the stock, with support coming in above former initial January resistance around 7.5p.   DCP Diamond Corp Technical Analysis 180315   The likelihood now is that at least while there is no break back below the e

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Rare Earth Minerals 0.8p Support Zone Still In Play

It is usually the case that the charting position of smaller, less liquid companies has all the appearance on a daily chart timeframe of the wanderings of an inebriate spider. This means that one tends to be trying to filter out the visual noise and identify the patterns below. In the case of Rare Earth Minerals (LON:REM), this complaint may have been true at various times in the recent past, but it can be said that currently we seem to be looking at a relatively straightforward setup. Indeed, it could be argued that the technical position is actually “simple”.   REM Rare Earth Minerals PLC Technical Analysis 180315   This is because near term support for the shares has so far come in consistently at or just below the 0.8p level since as long

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