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, ACG, Alien Metals, Celsius, Hvivo, Kendrick, Kosmos, KEFI, Nuformix, Oxford Biodynamics, Sunda, TPX, Tullow.
The major indices are testing important resistance areas, cryptos are flirting with continuation patterns, gold is undecided, and a batch of small-cap stocks are showing setups that could deliver decent near-term moves. Below is a concise, chart-focused read on the levels, supports, and targets to watch over the coming weeks.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Below is a chart-driven, practical summary of key levels, likely paths and stocks to watch over the coming weeks.
Equities: FTSE 100, DAX, Dow
FTSE 100
The FTSE is sitting in record territory and pressing the top of a red upward channel. Key levels to watch:
- Immediate resistance: around 10,560 (intraday high ~10,535).
- Near support: initial February resistance near 10,450, then yesterday’s support around 10,360.
- Scenario: a clean end-of-day close above the channel resistance would open a path toward 11,000 by late April in an acceleration case. Staying above 10,400 keeps the bullish case intact.
DAX
The DAX has been range-bound between the 50-day moving average and the recent range high. Keep an eye on:
- 50-day MA support: ~24,500.
- Upside targets: breakout target near 25,700, then into the 26,000 area. A push to 25,700 by month-end is plausible while above the 50-day MA.
Dow
The Dow has been carving a rising channel and staying above its key support levels:
- Channel floor support: around 49,200, with mid 49,000s acting as nearer support.
- Upside target: channel top around 52,200 by the end of next month if momentum holds.
Cryptocurrencies: Bitcoin and Ethereum
Bitcoin (BTC)
Bitcoin is struggling for direction and looks like it may be forming a bear flag. Key points:
- Recent low retest around 60,000 remains a risk.
- If BTC can bounce and hold above 65,000, a short-term target is prior resistance near 72,000.
- Bear-flag continuation would suggest further downside if support breaks.
Ethereum (ETH)
Ethereum is weaker than Bitcoin on the charts and remains below an important former support zone:
- Resistance to clear: about $2,150 (old support).
- While under that level there is meaningful risk toward the floor of the falling channel around $1,700.
Gold
Gold is at a crossroads inside a wide trading range. Look for confirmation before committing:
- Key resistance: end-of-day close above 5,130 would be reassuring and could open a retest of the 5,500+ zone, with a best case near 5,680.
- Short bias: the higher-percentage trade remains to short into 5,130 if price fails to close above it, targeting the 50-day MA around 4,615.
- RSI note: two RSI bounces at neutral 50 point toward continuation if momentum aligns, so gold is finely balanced.
Small Caps and Mining Stocks: Watchlist and Targets
Several smaller names are showing technical setups worth tracking. Most of these setups share a common theme: price above a broken resistance or moving average, plus RSI bounces at the 50 level that suggest continuation.
ACG Metals
- Found support just above the old resistance near 1,455p.
- Target to fill the gap up to around 1,690p over the next few weeks while above 1,450p.
- RSI paused and rebounded at neutral 50 — a bullish continuation signal.
Alien Metals
- Supported above rising 50- and 200-day moving averages.
- Target near 0.26p if momentum holds; recent broken resistance around 0.17p has become support.
- Multiple RSI 50 rebounds hint at a repeat of the January spike if buyers return.
Celsius Resources
- Shares have reached a second target near 1.05p.
- Next upside area is the old 2023 resistance near 1.35p, a plausible target by month-end while above near-term support.
Hvivo
- Cleared the 200-day moving average for the first time since November 2024.
- Looking at a broadening triangle; targets of 13–14p by month-end and a gap fill toward 16p while staying above the 200-day line near 9p.
- Three prior RSI 50 bounces preceded a rally — a helpful historical cue.
Kendrick
- Strong year-to-date performance, approaching the third target with a potential run to 1.25–1.4p.
- Keep the bullish case intact while above 0.95p; clear sailing toward 1.6p (2022 resistance) if momentum continues.
Kosmos
- Progress inside a rising red trend channel and currently nudging the top.
- Target near 1,143p by month-end while in the channel.
KEFI
- Has already broken recent resistance around 1.75p.
- Target the top of the lilac channel near 2.5p, aided by multiple RSI 50 rebounds that support a strong move.
Nuformix
- Resistance from November sits around 0.29p.
- An end-of-day close above 0.29p would open a move toward about 0.54p by the end of March, though outcomes will depend on regulatory and FDA-related developments.
- Maintain a protective line at 0.2p in the meantime.
Oxford Biodynamics
- Trading in a sideways shuffle above a rising 50-day moving average — a classic precursor to a breakout.
- Multiple RSI 50 rebounds set up a decent upside target near 0.4p while above the 50-day MA at 0.26p.
Sunda Energy
- Recently broke above the 200-day moving average, which had been elusive for a long time.
- Top of the falling channel target around 0.05p while remaining above the 200-day area near 0.028p.
Tpximpact Holdings
One company with fresh government wins has shown a classic bear-trap reversal: gapped down then gapped back up in February. The setup points to further gains toward 50p while above the gap floor at about 26p. It’s a straightforward play on continued public-sector demand.
Tullow Oil
- Gentle coverage pick with a steady rising trend channel.
- Target near 13p while remaining above the January resistance turned support around 9.44p, or at least above the 9p zone.
Also keep an eye on TPX and Tullow for similar technical setups and earnings or news catalysts that could change short-term trajectories.
Common Technical Themes and Practical Takeaways
- RSI 50 bounces matter — multiple charts are showing rebounds at RSI 50. In an uptrend this often signals continuation and can be used as a tactical entry cue.
- Moving averages as anchors — many names are using the 50- and 200-day moving averages as support. Price staying above those lines generally keeps the bullish case intact.
- End-of-day closes count — a clean end-of-day close above resistance (or below key support) is a more reliable trigger than intraday noise.
- Manage risk — map clear invalidation levels (the supports listed above) and size positions so a single stop loss does not derail the portfolio.
Summary
Major indices are leaning bullish while sitting against key resistance channels. Cryptos remain undecided with downside risks, and gold needs a confirming close to decide direction. A number of small-cap stocks are showing neat technical setups — especially where price sits above broken resistance or moving averages and RSI has rebounded at 50. Watch the specified levels, prioritise end-of-day confirmation, and manage risk around the support lines.
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.
