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, ATOME, ACG Metals, Audioboom, Atlas Metals, Amazing AI, CPP, Cizzle, Defence, 80 Mile, Hemogenyx, Kendrick, Pensana, Rome Resources, Roadside, and Solvonis.
In today’s roundup, I take a chart-first look across major indices, crypto, gold and a slew of small-cap picks from the bulletin board. I’ll call out key support and resistance, momentum triggers (RSI and 50-day/200-day cues), and realistic best- and worst-case targets — many of which I’m watching to play out by the end of this month or into October.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Indices
FTSE 100
The FTSE 100 is making decent progress toward my near-term target of 9,500 . Recent resistance around 9,250 has been overcome and yesterday’s session opened low and closed at the high — a bullish sign. Key levels:
- Channel floor to hold: 9,175
- RSI: around 65 (still not overbought)
- Key record level to break on an end-of-day close: 9,357 — a close above here would clear the path to 9,500.
DAX
The DAX remains inside a rising trend channel that’s been in place since April. It’s currently near the channel floor and still looks constructive if it holds.
- Upside target toward the top of the channel: 25,800 by the end of next month.
- Worry trigger: RSI fading and an end-of-day close below neutral 50 could open the door to a move down to 23,000 .
- Momentum trigger to accelerate the rally: an end-of-day close above the 50-day moving average around 24,000 , which would put 26,000 back on the table.
Dow
The Dow is in a very healthy spot — edging toward the top of a long-standing rising channel (since spring last year). We’ve had multiple RSI rebounds above 50 since mid-August — a strong leading sign for the upside.
- Near-term target: 47,500 (possibly sooner than expected)
- “Rugpull” downside if momentum fails: the 50-day line near 44,700 is the key stop level.
Cryptocurrency
Bitcoin
Bitcoin has nudged through the 50-day line, though not with overwhelming conviction — it’s a marginal break for now. If we hold above the 50-day and keep RSI above 50, the path higher looks clear.
- Immediate retest area: the prior best levels around 124
- Best-case channel top by the end of next month: as high as $132,000
- Floor of the channel (worst case I’m watching now): around 108
Ethereum
Ethereum looks even stronger. The simple momentum buy trigger was an end-of-day close above 4,500 , which we’ve cleared — a bullish setup.
- Near-term/upside target: 5,500 (possibly by the end of this month)
- Channel floor and stop: 4,320
- 50-day line as a practical entry on any pullback: around 4,208
Gold
Gold has held above the key line I was watching at 3,600 . The old April resistance at 3,511 is the “line in the sand” — staying above it keeps the bullish case intact.
- Realistic near-term target: 3,800
- Top of the channel: around 3,845 (best-case by end of this month; otherwise more likely by end of October)
Selected bulletin-board stocks — my watchlist and targets
Below are the names I covered, their key technical cues and where I’m looking for them to go in the near term.
Atome
Today’s offtake announcement was big — the shares were up ~16% on the move, which is good but not overwhelming given the size of the deal. My initial technical target was 70p ; above that I’ll be looking toward the past-year highs near 86p , and possibly up to £1 by the end of next month if momentum follows through. Important levels to hold:
- Support / recent broken resistance: 53p
- Trading stop / 50-day: around 50p
ACG Metals
Quiet but strong — nearly at the top of my channel. We’ve had a target pushing towards £9.50 and best-case recently up to £9.80 . Above that, the upper parallel of the rising channel points toward £13 by the end of next month. Keep an eye on the recent broken resistance zone at 840–850p — staying above that keeps the uptrend intact.
Audioboom
Ignore the temptation to stare at the chart too often — it tends to disappoint if you over-check. Still, the technicals are encouraging: a double RSI rebound above neutral 50, initial target of £5 hit, and a next target around 7.50 by the end of next month. The chart is especially interesting as we approach a golden cross (50/200-day) — the run-up to that event is often the strongest part of the cycle.
Atlas Metals
Strange price action — the shares have struggled to sustain a move through 40p despite the feeling that they should get to 70p on further positive news. Short-term support: intraday around 27p . While above that, the constructive case remains.
Amazing AI
This one continues to surprise. The chart has broken above the 50-day at about 1.3p and the July gap toward 2.75p is the obvious fill target — potentially as soon as the end of this month, supported by an oversubscribed placing. Key: stay above 1.3p
CPPGroup
A lesser-watched stock that’s showing a decent gap to the upside, with support above its 50-day line. If it keeps above the 50-day (rising near 128 ) the top of the current range and channel could reach around 180p by the end of next month.
Cizzle Biotechnology
Sharp moves over the last couple of days without company news — perhaps someone’s guessing an announcement is coming. From a charting perspective, I’m watching a break above 1.75p with room up to 2.75p by the end of the month or on the back of any announcement.
Defence Holdings
Playing with the second target of 1.25p , and above that the third target up to 2p by month end is the optimistic scenario.
80 Mile
After a pullback and a brief bull trap through a prior peak, the shares look prepared to stay above short-term support around 0.5 . Above that, I’m looking for 0.70 – 0.80p later this month.
Hemogenyx
One of my best calls — and it keeps delivering. We’ve cleared prior targets and already achieved a golden cross. Current best-case target: £12 by the end of this month.
Kendrick
Quietly carving out a typical step progression (vertical move, sideways, etc.). Initial target: the 200-day line near 0.50p , then an easy 0.80p if momentum continues. Both 50- and 200-day lines are rising (a golden-cross-like setup).
Pensana
An impressive breakout — a mid-move consolidation then breakout through 128p . If momentum preserves, 160p is a realistic best-case by month-end. The chart has produced multiple RSI 50+ rebounds since early August — a very strong technical picture.
Rome Resources
I tweeted about this a few weeks ago and the stock performed well. There’s been a little pullback; I want to see it hold above the prior resistance-now-support around 0.35–0.36p . Above that, still looking toward 0.50 pence+ by the end of this month (watch for short-term selling as a potential blip).
Roadside Real Estate
Classic step progression, and a decent disposal announcement today. Near-term target: 63p while holding above old resistance at 51p . An upper parallel to the rising channel points as high as 80–85p — a possible target for October/November. Key rule: stay above the 50-day line at about 50p .
Solvonis Therapeutics
One of the more exciting biotechs on my list right now (alongside Imupharma). Support appears to be in the mid-20p area. The RSI has cleared neutral 50 — I want an end-of-day or end-of-week close above 0.30p to give me confidence for a move back into the upper 30s through September.
How I’m positioning and what I’d do
- Keep exposure to indices and crypto while they remain above key channel floors and 50-day lines; raised odds of further upside if RSI stays above 50.
- For small caps, use broken resistance as possible entries and the 50-day as a practical stop or trailing stop — watch company news and volume closely.
- Look for golden-cross setups (50/200-day) and RSI 50 rebounds as confirmations rather than initial triggers.
“ My simple rule:remain constructive while price stays above the floor of the channel and the technical momentum cues (RSI and 50-day) hold — otherwise be ready for a retest.”
Conclusion
Overall the tape looks constructive: FTSE pushing for 9,500, the Dow and DAX still within rising channels, Bitcoin and Ethereum holding momentum, and gold above its key line. On the small-cap side there are a number of stocks showing real chart improvement — Pensana, Hemogenyx, ATOME, ACG Metals and others have clear targets in front of them. Watch the RSI 50 and 50-day / 200-day crossovers for confirmation, and treat pullbacks that respect moving averages as opportunity.
I’ll keep tracking these levels and report back with any material updates over the weekend.
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.
