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, Ariana, Aferian, Blencowe, Delta Gold, Emmerson, Georgina, Gfinity, Guardian Metal, Hemogenyx, Jersey, Pri0R1Ty.
Markets remain constructive across equities, commodities and crypto, with momentum visible in several indices and pockets of small-cap recovery. Below is a concise, chart-driven roundup of the key levels, likely scenarios and names to watch over the coming weeks.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Major indices: FTSE 100, DAX and Dow
FTSE 100
The FTSE is sitting comfortably above the old target zone of 10,640 and is tracking toward the rising-channel top around 11,000 by the end of next month. RSI has been consistently bouncing—first at the 60 level and now testing the 70 zone—which underlines strong price momentum.
- Near-term support: 10,640
- Near-term target: 11,000 (rising channel top)
- Risk note: A political or macro shock could quickly change momentum despite the current strength.
DAX
The DAX is moving slowly between the rising 50-day line (24,800) and recent resistance at 25,300. At the present pace the upside target is around 25,800 by the end of next month. Multiple RSI bounces above 50 support a gradual bullish bias.
- Support: 50-day moving average (24,800)
- Target: 25,800
- Action idea: A pullback to the 50-day line looks like a limit-order entry opportunity.
Dow
The Dow briefly dipped below the lilac rising trend channel but has recovered and now trades roughly level with the 50-day. Staying above 49,000 keeps the path open toward a channel-top target of roughly 51,000, which would be fresh record territory.
- Key level: 49,000 (channel/50-day confluence)
- Target: 51,000 (channel top)
- Momentum: RSI back above neutral 50 after a pullback into the low 40s.
Cryptocurrencies: Bitcoin and Ethereum
Bitcoin
Bitcoin has reasserted strength after breaking an RSI resistance line and is trading back inside the range between roughly 65,000 and 72,000. A successful breach of 72,000 would open a move toward the 50-day area near 79,000. On the downside, a breakdown could revisit the channel floor near 55,000. Worth noting: the 50% retracement of the all-time peak sits around 63,000, a level the market has already respected.
- Range: 65,000–72,000
- Upside play: break 72,000 → 79,000 (50-day)
- Downside risk: 55,000 channel floor
Ethereum
Ethereum has flipped higher through an RSI resistance line and is eyeing the top of its recent range at around 2,150. A push to the 50-day (2,516) is feasible over the next two to three weeks if momentum continues. However, an end-of-day close below 1,900 would reopen risk toward the channel floor near 1,570.
- Short-term target: 2,150 → 2,516
- Key risk level: 1,900 (violence increases if broken)
Gold and gold-related setups
Gold is testing the top of a rising channel established since late 2024. An end-of-day close above approximately 5,250 would set up a retest of recent highs near 5,595. Support sits in the 5,060–5,070 area, which has held in recent pullbacks and would make an interesting entry point if revisited.
- Resistance: 5,250 (channel top)
- Higher target: 5,595 (recent record levels)
- Support: 5,060–5,070 (multiple rebounds off the 50-day)
- Momentum: RSI shows multiple rebounds around 50, suggesting continued upside bias.
Small-cap and resource picks to watch
Several AIM and small-cap names are showing traction. The setups below focus on chart structure, support zones and near-term targets.
Ariana Resources: Ariana is approaching the top of its rising channel with a near-term target of 2.35p. If momentum carries, the upper parallel of the channel could take the shares toward roughly 3.22p by late next month or early April. RSI is supportive with a recent double bounce.
Ethereion: The stock is mounting a third attempt at a break around the penny level. A successful breakout could see a move to the top of the falling trend channel near 1.6p. Clear support exists around 0.75p.
Delta Gold: Delta Gold is one of the year’s standouts on AQUA. The chart points to a target around 55p in the coming days while the market remains above recent support near 46p. An RNS suggested a strategic holder on the register at around 3%, which adds interest to the story.
Emmerson: Progress continues within a rising trend channel. While the stock holds above broken resistance near 2.4p the next objective is around 3.5p.
Georgina: Despite bear pressure, Georgina bounced off a prior broken resistance line near 5.22p and just below the 200-day moving average. A move above 5.5p keeps the longer-term push to 10p alive, though funding remains the wildcard. Avoid an end-of-day close below the 5.4p area.
Gfinity: Gfinity has pushed through the 50-day and is showing clear bullish candles. A conservative target would be 0.06p by the end of next month, with solid support from recent broken resistance at 0.035p.
Guardian Metal Resources: Guardian Metal remains on track for a near-term target of about 273p. Today’s intraday high around 262p shows the target is attainable within the month, provided support around 246p holds.
Hemogenyx: After bouncing off a previous target near about £12.50, Hemogenyx is aiming for the top of its channel near £14 by the end of next month. RSI shows a rising uptrend that backs the move.
Jersey: Jersey has blasted through the top of its rising trend channel (near 112.7p) and is now setting up for a straight run toward 160p. Both the 50- and 200-day moving averages are rising, the golden-cross approach phase is often the strongest part of a run, and price action is backing that narrative.
Pri0R1Ty: The turnaround story has revived. A bear-trap gap reversal left an unfilled gap to the upside and the stock has held above a rising 50-day line and recent broken resistance near 2.2p. A sensible near-term objective is the 200-day moving average near 2.95p. Notably, insider and stake activity has increased—one named investor moved from roughly 6% to 11%—which signals conviction.
What to watch and risk management
- Momentum levels: RSI bounces around 50–70 are the best guide for staying constructive across indices and selected names.
- Key support zones: Use area support and moving-average confluence (50-day, 200-day) to set limit entries and stop points.
- Event risk: Political shocks and macro headlines can unwind technical setups quickly. Size positions accordingly.
The overall picture is biased to the upside across major indices and a number of small-cap charts. Keep position sizing sensible, watch the stated support levels and let confirmed RSI strength guide entries. More updates will come as charts evolve.
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.
