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, Coinsilium, capAI, Catenai, Galantas, Greatland, Gunsynd, Hemogenyx, Insig AI, Ironveld, and Reabold.
Below I summarise the technical levels, targets and risk points I highlighted on the video so you can follow the plan on your own charts.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Quick market summary
Overall the tone across the major markets is constructive while price action remains fairly steady. There are obvious upside targets in place for many indices and commodities if present support holds. As ever, watch the moving averages and trend channel floors for clues should a pullback arrive.
FTSE 100
The FTSE is tracking up a rising trend channel that began in June. The immediate upside target is around 9570 , which is the pointed target at the top of that channel. If price clears 9570 quickly, the next projection by the end of next month sits near 9770 (a May resistance-line projection).
Key near-term support sits around 9420 . If that level fails, a downside objective appears at roughly 9350 —the August/September resistance area now acting as potential support.
DAX
The DAX is still working off last week’s unfilled gap to the upside. The top of that gap is near 24,200 . Above it, the rising trend channel from April points toward as high as 25,600 , likely achievable by the end of next month if the market keeps its current tone.
Price remains above the 50‑day moving average (rising, just below 24,000 ), which keeps the bias tilted higher.
Dow Jones
Despite headline noise around shutdown fears, the Dow is still trading on the right side of 46,000 . The upper channel target from May last year sits around 47,800 and is feasible by the end of this month if strength persists.
A pullback would look to the 50‑day moving average near 45,300 on an intraday basis as a key technical support.
Cryptocurrencies
Bitcoin
After weekend momentum pushed Bitcoin toward 125,500 , the market remains just shy of that level. The rising trend channel from February points to a near-term target of 133,000 by the end of this month. Best-case (end-of-year) projection from the same channel’s upper parallel is about 153,000 .
On the downside, the prior August/September resistance near 118,000 should act to limit losses while price stays above it.
Ethereum
Ethereum has disappointed relative to expectations but remains in a rising trend channel from July. The current target is near 5,400 —a best-case end-of-month objective—so long as price stays above the rising 50‑day moving average at around 4,400 .
If a rug pull occurs, channel floor support would be nearer the 4,000 area, but multiple support tests recently suggest the 50‑day could hold.
Gold
Gold continues to attract attention and has been breaking higher. We’ve adjusted the upside projection: the prior target of 3,860 has now been superseded by a resistance-line projection of about 4,160 , which could arrive as soon as the end of this month.
On the downside, mid-September resistance around 3,800 is now an important initial support zone to watch for sustained price action.
Small-cap stock watchlist
Below are the stocks I covered, with the key technical observations and targets I’m tracking. These notes reflect chart patterns, moving averages and RSI behaviour that indicate whether a bullish run is likely to continue or needs confirmation.
- Coinsilium – The shares have formed strong candles in recent sessions after lows near the 3p Price action shows opens at the lows and closes at or near the highs—classic turnaround behaviour. Watch the 50‑day line at about 4.8p ; a flip higher there would support an initial target near 6.4p and a stretch target of 10p by the end of this month, with the caveat that staying above 6p would be constructive.
- CAP AI – We’re seeing intraday support above the 200‑day moving average (around the 0.30p area in the transcript). That suggests the shares could flip higher toward the top of the recent range at about 0.60p by the end of next month if there’s a clean, end-of-day close above the 50‑day line (currently near 0.37p in the chart I referenced).
- Galantas Gold – Liquid with positive action above rising 50 and 200‑day lines. The RSI showed a double rebound from the 50 area following an extended period at RSI 50 in August. While above the 50‑day (near 15p ), a move toward 9p by the end of next month is plausible.
- Greatland Gold – The shares are in a rising trend channel with a near-term channel top target near 436p for the end of this month. For fans looking further out, the upper parallel of the channel (and the November resistance‑line projection I’m drawing) points to a larger target of £6 toward the end of the year. Multiple RSI 50-plus rebounds over the last several weeks underline the strength here.
- Gunsynd – Not quite the same size as the previous names but the chart shows a constructive build: a golden cross between the 50 and 200‑day moving averages and multiple RSI 50-plus rebounds. Minimum target for the end of this month is roughly 0.21–0.22p , with a November target nearer 0.25 on the chart I referenced.
- Hemogenyx – After a vertical rise from late August, the shares sit in a rising trend channel with resistance around £13 . A retest of the year’s highs near £17.90 is possible by the end of next month, while a best-case channel top approaches nearly £23 by the end of 2025. Note the RSI hasn’t dipped below neutral (50) since mid‑August, suggesting sustained bullish momentum.
- Insig AI – The recent fundraising was at the 30p Price pushed through those levels and looks set for about 45p by the end of next month (it may even get there sooner). Both 50 and 200‑day moving averages are rising and the shares benefited from an unfilled gap to the upside, reinforcing the bullish view so long as price holds above the 30p area.
- Ironveld – We hit our targets here (previous target was cited as 0.07 ), and despite a pullback both the 0.065 and 0.07 targets have been achieved. The current phase looks like consolidation after meeting those objectives before the next leg higher.
- Reabold – A strong deal announcement sent the shares to a spike toward our pre-existing target around 0.09 . Ideally the market stays above the 0.06 area and resumes progress to 0.09. It’s notable the shares were only up about 22% despite a significant announcement; that could mean there’s more to play for if momentum returns.
How I’m trading this setup
My approach is simple and chart driven:
- Identify the trend using rising/falling trend channels and the position of price relative to the 50‑ and 200‑day moving averages.
- Watch RSI behaviour for 50‑level rebounds (which signal continuation) or failures below 50 (which warn of weakening momentum).
- Trade in the direction of the higher-probability target while keeping a clear stop beneath the nearest structural support (channel floor, moving average or prior resistance turned support).
- Be prepared for rug pulls — when support breaks, reassess quickly and use the next lower support level as a guide for potential rebounds or exits.
Key levels recap
- FTSE 100: upside 9,570 → 9,770; support 9,420 → downside 9,350
- DAX: gap top 24,200 → channel top 25,600; 50‑day just below 24,000
- Dow: above 46,000 → target 47,800; 50‑day 45,300
- Bitcoin: near 125,500 → channel objective 133,000; end‑year target 153,000; support 118,000
- Ethereum: channel target 5,400; 50‑day 4,400; channel floor 4,000
- Gold: earlier 3,860 target now extended to 4,160; support 3,800
Final thoughts
The technical picture across many markets remains positive while key support levels and moving averages hold. For traders, the most important tasks are sticking to the plan, watching the 50 and 200‑day moving averages, and using channel floors and prior resistance levels as your reference points for stops and targets.
Keep an eye on the names I flagged — several small caps have already shown meaningful moves and will be interesting to watch if broader risk appetite stays intact. I’ll be back with more updates tomorrow.
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.
