Zak Mir takes a charting look at some of the most closely followed small caps on the London Stock Exchange. Today’s charts are FTSE 100, DAX, Dow, Bitcoin, Ethereum, Gold, Alien Metals, Aptamer, Audioboom, Cloudbreak, Defence, First Development, ITM, Litigation, Mast, Mila, Pebble, Shield, Tavistock, T42.
In this update, I take a charting look across the major indices, crypto, gold and a selection of AIM/UK small caps. The aim is simple: map the key levels, spell out the bullish and bearish scenarios, and set realistic targets I’m watching over the coming weeks. Below, I walk through the markets first, then the stock picks one by one.
Market overview
FTSE 100
The FTSE 100 has been grinding higher and is testing a recent red resistance line from May around 9,340 . An end-of-day close above that would put the index on course to the top of the rising trend channel drawn from June — roughly 9,500 by the end of next month. On the downside, the old intra-month peak near 9,222 is the first support to watch; worst case while the channel holds the floor sits near 9,150 . Overall the current setup looks like a melt-up while price stays above that channel floor.
DAX
The DAX is drifting against July resistance at about 24,300 , ranging between that level and the rising 50-day moving average. The good news: the 50-day line is rising and the RSI sits around 54 , which reads as a constructive consolidation rather than a breakdown. A breakout above 24,300 would be bullish. The 50-day (around 24,000 ) is the key downside anchor to protect.
Dow
The Dow has struggled a little getting through the 45,000 zone — there have been pokes above but no sustained runaway. For now price is between the rising 50-day (around 44,000 ) and resistance close to 45,100 . As long as the 50-day holds, the upper target is the top of the long rising trend channel from May last year — roughly 47,500 by the end of next month. If the 50-day breaks, watch the channel floor near 42,700 .
Crypto & Gold
Bitcoin
Despite steady corporate treasury buying, Bitcoin hasn’t blasted off to new highs. It’s currently testing the old May resistance as new support around 112,000 for the second time this month. Below that sits July support at roughly 105,000 . A decisive trigger for a fresh leg higher would be an end-of-day close above the 50-day moving average near 116,000 . Ideally I want to see a push back toward 120,000+ by early September.
Ethereum
Ethereum has shown relative strength recently and has produced another RSI 50 rebound — the same pattern that preceded earlier big runs this year. If history repeats, a fresh leg could take ETH toward ~ 4,100 initially and, in the best case, as high as ~ 5,500 . Immediate resistance sits around 4,550 and must be taken out to keep the bullish case intact.
Gold
Gold remains a bit sluggish. Price is flirting with the floor of the rising trend channel from April (around 3,320 on the chart used). The market needs to hold the low-3,200s and ideally clear 3,410 (prior rejection) to resume upside momentum. The technical picture warns of a possible move back into the low-3,200s given a double RSI 50 failure and being below the 50-day moving average.
Stocks: AIM / Small-Cap’s
Below I list the individual stocks I covered, the technical pivot points I’m watching and the short-term targets I consider achievable if the bullish structure holds.
- Alien Metals We hit the short target at 0.18p earlier. The chart has produced multiple RSI 50 rebounds since mid-last month — a strong setup. Staying above 0.15 keeps the bullish case intact, with the upper parallel of the rising channel pointing toward around 0.27.
- Aptamer Group Price reached the target around 0.67p. Above that I’m looking for up to 0.89–0.90p by the end of next month, which aligns with the April–May resistance zone from last year.
- Audioboom (the frustrating one) This stock has tested the move we’ve been calling for. A sustained break above the short-term resistance at £4.10 opens the path to £5.00, and in the best case a move to £7.50 by the end of next month — if the buyers genuinely absorb the selling into strength. The 50 and 200-day lines are both rising, suggesting a golden cross is a couple of weeks away and adding momentum to the bullish case. RSI action has also been supportive.
- Cloudbreak has refocused on gold and hit our target at 0.3p. The next target is 0.55p by the end of next month, provided we remain above 0.30p on end-of-day closes. The 50 and 200-day lines are turning up, hinting at an emerging golden cross — a constructive development.
- Defence Holdings This chart looks very healthy: a rising channel targeting around 0.77p by the end of next month, an unfilled upside gap, rising 50 & 200-day lines and recent RSI 50-plus rebounds. The breakout through 0.49 has the hallmarks of a strong technical story.
- First Development (market newcomer) After clearing the 50- and 200-day lines (current area 6.5p), I’m looking for11p by the end of next month and maybe a little more (11.25p) by the end of September. Key supporting level is staying above the rising trend-channel floor (roughly 6.0p–6.5p); a decisive end-of-day close above the 50-day (7.3p) would signal real continuation.
- ITM Power The shares have managed to hit all the old targets. Looking to stay above the floor of the rising trend channel from back in March. The floor of the channel is around 65p. Above that, we are looking for a retest of July resistances towards 100p by the end of next month.
- Litigation Capital Shares have hit the recent target at 44p. While above broken resistance at 38p, the next target is about 53p by the end of next month. The gap-fill since June and RSI window support are constructive.
- Mast Energy has been powering higher and has cleared the final resistance around £1.40. Above that, the next resistance on the way down from 2022 sits near £2.20, a realistic target possibly as soon as the end of this month. The current pattern looks up-and-away with an unfilled upside gap supporting the drive.
- Mila Resources Not as spectacular as some others but shaping up for an ITM-type move: a bounce off the channel roof and a close through the 50-day (0.161p) would be constructive. Targets: 0.9p in the month ahead, with best case toward 1.2p if momentum continues.
- Pebble Beach has delivered a bull-flag breakout. RSI has been above neutral 50 since late April — a sign of consistent internal strength. With recent support near 13.75p, the target I’m watching is 30p by the end of next month.
- Shield Therapeutics cleared the short target near 6.75pand now looks like a step-progression move — a strong pattern for continuation. The upper parallel of the rising trend channel points toward roughly 10.6p by the end of next month.
- Tavistock is showing a classic strong setup: rising 50 and 200-day lines, an RSI 50 rebound and a sharp recent surge. Initial target: 6.4p; best case into the upper channel near 9p by the end of next month.
- t42 IoT continues from its earlier gap high, found support at the 200-day line and has produced an RSI 50 bounce. With strong candles above the 200-day (2.5p), the rising trend channel projects a target near 5.75p by the end of next month — a punchy call but matched by the chart shape.
How I’m trading this set-up
My approach remains straightforward: trade the structure. Stay with the bullish thesis while price holds the identified support zones and moving averages (typically the rising 50-day or the channel floor). Trim or reassess on decisive closes back below those levels. Look for RSI 50 rebounds — they’ve been a useful trigger this year — and watch for golden-cross developments where the 50-day crosses the 200-day, which often signals a stronger phase.
“”While above the key moving averages and channel floors, the charts remain constructive — targets are achievable; breaks below those levels would force a rethink.””
Conclusion
Markets remain biased to the upside across several key charts, with a few watchouts on gold and Bitcoin for confirmation levels. On the small-cap side, several names have hit initial targets and others have clear channel-based targets over the coming month. As always, keep an eye on end-of-day closes around the 50-day and 200-day moving averages and use those levels to manage risk.
Disclaimer & Declaration of Interest:
The information, investment views, and recommendations in this Zaks Traders Cafe interview are provided for general information purposes only. Nothing in this interview should be construed as a promotion or solicitation to buy or sell any financial product relating to any companies under discussion or referred to or to engage in or refrain from doing so or engage in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.
