Zak Mir takes a charting look at FTSE 100, Dax, Dow, Bitcoin, Ethereum, Gold, Anglo Eastern, Contango, Cora, Fiinu, Hemogenyx, Great Southern, Ingenta, IMC, ImmuPharma, Mast, Orosur, Renalytix, Rc365, tinyBuild.
Below is my market snapshot for Monday, 15th September: what I’m watching, key levels, and short-term targets across indices, crypto, gold and a selection of small-cap stocks I cover regularly.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Quick index and macro snapshot
FTSE 100
The FTSE has pulled back from the 9,357 peak we saw last month, which is mildly disappointing, but the structure is still bullish while we remain above the channel floor around 9,200. My working “line in the sand” is that 9,200 level — as long as we’re above it I’m chipper for a move up toward 9,500 by the end of next month. Worst case is a test of the 50-day line near 9,124 on a rug pull; we haven’t been properly below that since early May. RSI sits around 60, so momentum still points higher.
DAX
The DAX is holding the floor of its rising channel from April, roughly 23,600. The 50-day line is drifting lower just above 24,000, but the missing ingredient is momentum — RSI is still under neutral 50. I’m not in a hurry here: buy-on-support if you like the risk, or wait for a daily close back above the 50-day line.
Dow
The Dow remains constructive: the top of the channel is about 47,600 and that’s my target into the end of next month while we stay above the 50-day line at 44,800. RSI is corrugated but comfortably above neutral, which is positive.
Cryptocurrencies
Bitcoin
Bitcoin had a small recovery last week and is still holding above RSI 50 and the 50-day line (around the 114 mark on my chart). Key near-term resistance sits in the 117–118 area — a reasonable break there would open the way toward the channel top (around 131) as a best-case target by the end of next month. On a downside pullback, the channel floor is around 111.
Ethereum
I was hoping for 5,500 by the end of this month, but it now looks more likely by the end of next month. Resistance around 4,500 is a hurdle; the channel floor sits near 4,380 and the 50-day line around 4,260. For a bullish continuation I want to see the 50-day and RSI 50 acting as support before pushing toward 5,500.
Gold
Gold looks like it’s forming a mid-move consolidation — effectively a bull flag around the 3,650 area. Top of the channel sits near 3,850 and could be met as soon as the end of this month or by the end of next month so long as we stay on the right side of 3,600. Worst case is a retest of old resistance around 3,511 before resuming higher.
Stocks I’m watching
Below are the small-cap names I covered in today’s session, with the key levels I’m watching and my timeframe for possible moves.
- Anglo-Eastern — Broke out of a mid-move consolidation and looks strong. Recent resistance was 12.66p; above that I’m looking toward 16p (upper parallel of the rising channel from December) as soon as the end of this month. Keep it above 12p.
- Contango — Rocky start near the 0.80p zone, but the shares have retested lows and look to be moving higher. RSI has bounced above neutral 50 and support is coming in above the 50-day line. A break through the 200-day line (1.1p) could take us toward 1.8p by the end of next month. Ideally we stay above the 50-day line (0.91p).
- Cora — Continuing to deliver. The stock sits in a mid-move consolidation (a bull flag) resting on old resistance around 8.8p. After the recent gap up my target is 12.75p by the end of this month.
- FINU — Shares backed off from the best levels near 20p but price action shows higher highs and the structure is a rising trend channel. The 50-day line sits just under 12p and above that support I’d like to see a retest of 20p over the next few weeks — possibly by the end of this month. The channel top points toward the mid-20s by the end of next month; floor support around 12–14p.
- Hemogenyx — One of the summer stars. The shares are just shy of my 1200p target but have already run hard — nothing obvious between 1200p and the spike highs near 2500p. While we remain above 1000p I’d treat 1200p as a minimum and would be looking at 1500–1600p thereafter.
- Great Southern — A strong call over the weekend and the shares are up 20% today. They’ve sprung off the floor of the rising channel from September; conceivably the 2p area was a good buy zone. RSI is above neutral 50 now — the next hurdle is the resistance line from April near 2.75p. Clear that and there’s scope up toward 4.66p (target for the end of next month if momentum continues).
- Ingenta — A decent update saw the shares gap through the 200-day line for the first time in a while. The chart shows a rising channel with the top targeting 100p — that’s my punchy call for the end of next month provided we stay above recent support (66p). Floor of the channel (and 50-day line) sits around 57p.
- IMC Exploration — Making the right noises: rising trend channel, an RSI rebound off 50, and price sitting above both rising 50- and 200-day lines. Best case I’m eyeing a pop toward 1p by the end of next month; the conservative view would be a slower grind (e.g. 0.70–0.80p short term), but the chart has upside potential if the momentum holds
- ImmuPharma – We’ve hit the target we were looking for, around 18:00. The next level up is probably more optimistic than one would like to be at this stage. We are looking towards the 30p by the end of next month, “IF” we can stay above the 18p resistance level.
- Mast — After last week’s odd RNS about unsolicited articles (which, frankly, didn’t mean much), the shares dropped but have recovered to sit back above the 50-day line (initial target was 94p, now 97p). The next real support/target is 132p. The missing ingredient for a sustained run is RSI getting back above neutral 50 — if/when that happens momentum should accelerate.
- Orosur — Keeps rising; still on my list. Target up to 29p by the end of this month as long as it holds recent support around 22p.
- Renalytix — One of the best announcements I’ve seen from the company — the market breathed a sigh of relief. We’ve broken February resistance around 11.50p and I think there’s room to 18p in the coming days — hopefully by the end of this week given the quality of the US collaboration deal.
- RC365 — Broke recent resistance at 1.44p and is now above that level. The next meaningful zone is the top of its rising range around 2.2p; that move could arrive quickly (today/tomorrow).
- tinyBuild — Almost at my target line (11.66p). A decent end-of-day close through 12p this week would set up a fresh leg to the upside — I’ve pencilled in 18p as a target into the end of next month if the breakout validates.
Summary and my dovish/bullish checklist
High-level takeaways:
- Indices broadly bullish while key 50-day lines and channel floors hold (FTSE 9,200; Dow 44,800; DAX needs RSI lift).
- Bitcoin and Ethereum are in recovery mode but need breaks of short-term resistance to confirm the next leg up (BTC: 117–118 area; ETH: 4,500).
- Gold looks constructive within a bull-flag consolidation — a push to 3,850 is plausible.
- Several small-caps show classic chart patterns — bull flags, rising channels and clean breakouts — with clear support and target levels. Keep stops tight and watch RSI/50-day behaviour as the momentum pulse.
That’s it from me today — more updates tomorrow as price action dictates. If you’re trading these setups, manage risk, respect your levels and keep an eye on RSI and the 50-day lines as the primary trend gauges.
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.
