On this Great Request Show, I ran through two stocks requested by viewers: ACG Metals (ACG) after the latest broker coverage, and Pri0r1ty (PR1) following the recent Metr1c launch and steady news flow.
Below, I recap the technical picture for each, explain what the key indicators are telling us, and outline the levels to watch over the coming weeks.
ACG Metals (ACG) — Pulse Check After Broker Coverage
ACG is currently trading in what looks like a mid-move consolidation inside a rising trend channel that’s been in place since May. A couple of technical points stand out:
- The shares are holding above the rising 50-day moving average (the short-to-medium-term trend), currently around 607p.
- The 200-day moving average is also rising — that longer-term trend remains constructive.
- RSI is still above the neutral 50 line and we’ve already seen one RSI-50 rebound, which is a positive sign for momentum.
- Recent broker coverage — the stock being given a “9” target and described as a speculative buy — has added sizzle to the move and helped uplift investor interest.
Price targets and key levels
- Immediate resistance: about 710p — a break above here would be the short-term bullish trigger.
- Support: keep the 50-day moving average (607p / 6.07) as the key support line; staying above it keeps the upside case intact.
- Implied channel target: my drawn rising trend channel from May suggests a target region around 940p if the stock continues its current rate of progress — potentially by the end of October, assuming price remains above the 50-day MA.
What I want to see next: a clear breakout above the recent resistance near 710p, sustained momentum with RSI holding above 50, and continued support at the 50-day moving average. If the 50-day is lost, the upside timeline would likely be delayed.
Pri0r1ty (PR1) — Building Momentum After Metr1c Launch
Pri0r1ty has had a steady stream of news recently and the launch of Metr1c has been part of that constructive backdrop. Technically, there are several encouraging signs:
- RSI has been tracing an uptrend line for most of the move — it recently bounced off that line around the 40 level, which suggests buyers remain in control on dips.
- The stock closed above a sharply rising 50-day moving average yesterday, and the market appears to be finding support in the mid 4p region (around 4.75p).
- There’s resistance at the 200-day moving average — that level stopped the rally back in June, so it’s an important level for the bulls to overcome.
Price targets and key levels
- Support: roughly 4.75p — this recent area has held up as buying interest.
- Immediate hurdle: the 200-day moving average, currently near 6.5p. A weekly close above that would be a meaningful bullish development.
- Longer-term resistance: the top of the February trend channel, which sits around 11p. That’s an optimistic target but attainable if momentum and news flow remain positive.
What I want to see next: consolidation above the 50-day moving average and a convincing weekly close above the 200-day line. If both happen, we could see a run toward the February channel high (around 11p) over time.
Technical Takeaways — How I’m Reading These Charts
- Moving averages matter: a rising 50-day shows recent trend strength; the 200-day acts as a longer-term gatekeeper. Price staying above the 50-day but needing to clear the 200-day is a common pattern before larger rallies.
- RSI context: an RSI that stays above its neutral line (50) and respects an uptrend support line signals healthy momentum. Bounces from RSI support around 40 can be early entry clues.
- Channels and implied timing: drawing trend channels helps set reasonable intermediate targets. For ACG, the May channel points to a mid-September–end-October horizon for the next leg if momentum holds. For PR1, the February channel gives a longer-range target.
- News and coverage matter: broker notes (even “speculative buy” calls) and product launches like Metr1c can accelerate moves — but technical confirmation (breakouts, support holds) still matters to manage risk.
Quick Risk Reminder
Both names have constructive charts right now, but they’re still speculative. Keep position sizing sensible, watch the moving averages and RSI for signs of weakness, and treat broker targets and product launches as catalysts, not guarantees.
Wrapping Up
ACG Metals: bullish while above the 50-day (607p), breakout over £7.10 would be the next confirmation, with a channel target near £9.40 if momentum continues.
Pri0r1ty: encouraging RSI uptrend and a recent close above a rising 50-day; key resistance at the 200-day (6.5p) — a weekly close above there opens up a move toward the February channel top (11p).
Thanks for the requests — keep them coming and I’ll cover more charts on the next Great Request Show.
““A clear breakout plus supportive RSI and moving averages are what I’m watching for both names.””
Disclaimer: The information presented in this article represents the views and analysis of the author and is provided for informational purposes only. It should not be interpreted as financial, investment, or legal advice. Investors should conduct their own due diligence and consult a qualified adviser before making investment decisions. Investing in AIM-listed companies involves risk, and past performance is not indicative of future results.
