Zak Mir looks at some of the best charting setups of the year to date, including Amigo, Altona, Ceres Power, Delta Gold, Eco (Atlantic), Galantas, Great Western, IQE, Intuitive, ITM, Kendrick, Kosmos, Raspberry Pi, Strategic Minerals, Tungsten West, and Tullow.
The year to date has thrown up some surprisingly strong chart setups, and in many cases, the best action has come from the smaller end of the market. A lot of these names started moving in late 2025.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
The recurring setup that has mattered most
Before going stock by stock, it is worth flagging the technical feature that has underpinned a lot of the best performers. Again and again, the strongest charts have shown:
- A rising 50-day moving average
- Price consolidating above that line rather than breaking below it
- A breakout through prior resistance
- Fresh upside towards the top of a trend channel
That is not the only pattern on display, but it has been the clearest common thread among many of the year’s winners.
Amigo: back in business, at least on the chart
Amigo has been one of the more eye-catching comeback stories. The rally actually began back in November and December, but the key upside signal came in January when the shares shuffled sideways above a rising 50-day line.
That was followed by an explosive move higher. More recently, the stock has been trying to break out of a triangle formation, but it is still caught between support at the 50-day line near 2.59p and resistance around 3.1p.
The important level here is clear enough. An end-of-day close through 3.1p would put the stock back on track for the top of its January trend channel, with a target of up to 5p over the next two to three months. For now, the constructive point is that the shares have mostly managed to hold above a rising 50-day moving average.
Altona: one of the early-year highlights
Altona has been one of the standout names of the opening months of the year. The move really got going with an unfilled gap to the upside in February, and crucially that happened above a rising 50-day line.
At the same time, the stock broke through previous resistance around 2.7p, and that area effectively became support. After peaking around 4.75p, the next upside objective is 6p by the end of next month, as long as the shares continue to hold above broken resistance around 3.7p.
There is also support from the RSI trend, which has been behaving positively. As with several other names this year, the combination of a rising 50-day average and support holding above former resistance has been central to the bullish case.
Ceres Power: from chronic underperformer to breakout stock
Ceres Power had spent a long time disappointing, but that changed from last autumn onward. The more decisive break came at the end of March and the beginning of April when the stock pushed through the £3.80 area.
From there the move accelerated sharply. The initial target around £4.55 gave way to a second target near £5.95. Above that, attention turns to the upper boundary of the rising channel from November, which points as high as £7.80 by the end of next month.
Given the speed of the rise, that target may come into play sooner rather than later.
Delta Gold: one of the sweetest setups on the market
Delta Gold has been especially satisfying because it came from the Aquis market, which is not always known for producing dependable chart follow-through. This time it did.
The rally began with another sideways consolidation above a rising 50-day line, visible from late 2025 and into January. But the most attractive phase of the whole move came in March.
After peaking at around 69p, the shares pulled back towards the 50-day line near 40p without actually touching it. Instead of collapsing, the stock simply shuffled sideways above that rising average and then exploded higher again.
That is exactly the sort of setup worth keeping an eye on. The initial target around 84p came into view, and above that the upper parallel of the rising trend channel points to £1.31. If the stock can break beyond that, the next target from the late-January resistance line stretches towards £1.70 by the end of next month.
Eco Atlantic: channel support remains the key
Eco Atlantic has been one of the more logical winners of the year, helped by renewed interest in Atlantic Basin oil and gas exposure. The chart strength actually started before the turn of the year, with a rising trend channel in place from December.
The stock is now near the floor of that channel around 62p. While it stays above that level, the working assumption is a move back towards the top of the channel, potentially 80p or higher by the end of next month.
The nearer-term hurdle is the 67p resistance area that has capped the shares recently. Ideally, the stock also remains above the latest gap top around 59p to 60p. Staying inside the channel is the main thing.
Galantas: gold strength has done the heavy lifting
With gold making strong highs in the first quarter, Galantas has benefited accordingly. The chart already showed an unfilled upside gap in January, and the shares then found support almost continuously above the 50-day line until the very latest sessions.
A decent bounce into the end of the week has helped steady the picture. If the stock can push through 41p, there is scope for a fresh leg higher towards 66p.
The bigger picture remains constructive provided the shares stay on the right side of the low-30s.
Great Western Mining: the “next Guardian Metal” angle
Great Western Mining has been talked about as a possible “next Guardian Metal”, largely because of similarities in geography and project location.
On the chart, the stock has already hit an initial target around 2.6p. Above that, the upper parallel of the rising trend channel from December points to 4p by the end of next month.
It may not have reached Guardian Metal territory yet, but the technical progress has been encouraging.
IQE: the surprise monster winner
Perhaps the biggest surprise among the year’s winners has been IQE. For a long time it was the sort of stock that attracted mockery from short sellers, but this year the chart has completely changed character.
The rise moved through one target after another, from around 10p to 14p, then up towards 35p and beyond. At this stage, the immediate technical question is whether the stock can continue to bounce above the rising 50-day moving average, which sits around 31p.
Ideally, support now holds in the 35p to 37p zone. If that happens, there is room for another leg towards 50p, perhaps as soon as the end of this month, helped by gap-filling potential. The M&A angle has added excitement here, and for many the trade has already done its job.
Intuitive Investments: quiet but effective
Intuitive Investments has been a quieter story, but that does not make it any less interesting. In fact, the lack of noise may be part of the appeal.
A rising trend channel was visible earlier in the year, and the shares then broke through it at 213p. The upper parallel of the channel is currently heading towards about 248p, although much of the move has already been delivered.
The key area now is 205p, which marks both recent support and old April resistance. Holding above that keeps the prospect of further upside alive.
ITM Power: ballistic after the latest breakout
ITM Power has moved in sympathy with the strength seen in Ceres Power, but it has also carved out its own explosive chart. A push towards the £1 level was already on the radar, but the stock exceeded that comfortably following the latest NATO-related news flow.
There is now a rising resistance line pointing towards £2, and that remains the focus while the shares stay above recent broken resistance at around £1.46.
At the current pace, a move to £2 by the end of next month does not look outlandish.
Kendrick: from sub-halfpenny to manic upside
Kendrick started the year strongly and then went into overdrive. Earlier in the year the shares were still trading well below the halfpenny mark, but the upside since then has been dramatic.
Technically, the stock is just about still within a rising trend channel dating back to January. As long as it remains above the recent gap top around 2.5p, the rally still looks capable of extending.
The initial target from here is around 2.9p, which corresponds to the top of the earlier gap-down area.
Kosmos Energy: a familiar pattern finally trying to resolve
Kosmos has been covered repeatedly because it keeps returning to an important technical level. The stock has hit the top of its triangle formation around £2.23 several times.
If that barrier finally gives way, the upper parallel of the longer-term triangle from this time last year points towards £3.30. That may be more of an end-of-year target than an immediate one, but it stays valid while the shares hold above the 50-day line.
Raspberry Pi: bigger cap, same technical logic
Raspberry Pi is a larger name than most of the stocks on this list, but it still deserves a place because the chart has been impressive after a volatile start.
There was an initial spike towards £5.50 back in February, followed by a sharp pullback, and then a renewed rally in April. The current setup suggests that, with the stock above the second target around £6.35, there is room for more upside.
The next area to watch appears to be around £7.80 by the end of next month, provided the shares continue to hold above £6.35.
Strategic Minerals: still one of the more pleasing winners
Strategic Minerals put in its biggest moves during January and February, but the pattern since then has been more of a “three steps forward, two steps back” affair.
The preferred outcome is for the shares to remain above 5.25p, which marked support in late April. If that gives way, then the floor of the broader channel around 4.6p could become the better area for missed-entry longs.
As long as the stock remains inside that channel, the top of it points towards around 7.6p, possibly by the end of July.
Tungsten West: transformed this year
Tungsten West also changed character earlier in the year, with the real shift arriving in January. The stock is currently trying to hold above its 50-day moving average near 35p.
Ideally, the shares stay within the existing channel, with the floor around 33p. Holding that structure would keep the door open for a move up to 47p by the end of next month.
Tullow Oil: oil strength should keep it supported
With oil trading above $100 a barrel, Tullow Oil has a fairly obvious macro tailwind. In fact, the stock still arguably looks lower than it should be relative to the commodity backdrop.
From a chart perspective, old resistance at 17p is the level that matters. Above that, the obvious target becomes 21p by the end of next month, while the shares remain above broken resistance at 14p.
This is not the most dramatic chart on the list, but it is one that could grind higher steadily if the oil price stays favourable.
What stands out across the best YTD charts
Looking across all these names, a few themes stand out:
- Breakouts have been more reliable when they occurred above a rising 50-day average.
- Unfilled upside gaps have often acted as a sign of strength rather than exhaustion.
- Former resistance turning into support has been critical.
- Trend channels have provided clear upside markers as well as sensible risk levels.
That has applied to turnaround stories like Ceres Power and IQE, speculative names such as Delta Gold and Kendrick, and commodity-linked plays including Eco Atlantic, Galantas, Strategic Minerals, Tungsten West and Tullow Oil.
The main lesson is straightforward enough: when a stock refuses to break down, keeps hugging a rising moving average, and starts to punch through old ceilings, it is usually worth taking seriously. That pattern has done a lot of the heavy lifting in 2026 so far.
