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, Aferian, Delta Gold, Fulcrum, Helium One, Imaging Biometrics, Jangada, Jersey, Inspecs, Serval, Sintana, Tullow, Thruvision, United Oil & Gas, WeCap, Warpaint.
Markets are showing familiar patterns: rising trend channels on the major indices, a range-bound crypto complex with clear breakout and breakdown levels, and a host of small caps carving out punchy chart setups.
As always, do your own research and treat these as chart-based observations rather than hard recommendations
Below I run through the key levels, RSI and moving average signals to watch over the coming weeks and highlight individual stock charts that look actionable from a technical perspective.
Major indices
FTSE 100
The FTSE has been in a rising trend channel since October. The near-term pivot is 10,570 — staying above that keeps the bullish case intact and opens a move toward 11,000. A rug-pull scenario would likely take the index toward the channel floor near 10,400, so that level matters for risk management.
RSI has been consistently strong, holding above 60 since late December — a notable sign of sustained momentum.
DAX
The DAX is trading between the 50-day line (24,700) and recent resistance around 25,200. If momentum holds above the 50-day, the top of the channel near 25,700 is a realistic target well before the end of next month. RSI is comfortable around mid-50s, supportive of further gains.
Dow
The Dow has been battling the 50,000 mark and is trading near the floor of a rising channel that began in November. The 50-day moving average sits just under 49,000 — a clear level to defend. A move back above 49,000 sets a path toward the channel top near 51,000 by the end of next month. RSI is hovering just above 50, so a little follow-through would help the bullish case.
Cryptocurrencies
Bitcoin
Bitcoin remains range-bound between the higher low around 65,000 and resistance in the 71,000–72,000 area. Trade the range while it holds. A daily close below 65,000 would point to the channel floor near 57,000. A decisive break above 72,000 leads into the upper 70s, but more than that looks unlikely without strong new momentum.
Watch for false basing patterns that suddenly give way — the market can feel like it is consolidating until the plug is pulled.
Ethereum
Ethereum is stuck between 1,900 and 2,150. RSI is weak in the low 30s, so the bias is neutral-to-weak until we either break below 1,900 or push through 2,150.
Gold
Gold sits in the upper half of a rising trend channel established since November. Support is near 4,840 while the channel top is targeting roughly 5,200. RSI has bounced around the 50 level several times — that supports a move toward the 5,200 area over the next two to three weeks if momentum continues.
Stock picks and setups — short, punchy targets
Below are selected small- and mid-cap setups that I’m watching. Each entry includes the immediate technical trigger, the target zone and any cautionary notes.
- Aferian — V-shaped bounce. Immediate resistance around 1.22p; while above yesterday’s high (0.7p) expect initial upside toward that resistance.
- Delta Gold — One of the stronger performers this year. Broken resistance at 36p is now support. Top of the rising channel sits just under 53p and could arrive as soon as the end of February / early March.
- Fulcrum Metals — Big move year-to-date (approaching +87%). First target (sub 8p) reached; second target 12p met or approaching. Above 12p look for resistance toward 15p by the end of next month.
- Helium One — Bounced off the 200-day line, RSI above 50. First target around 0.77p reached; next target roughly 1.22p by the end of next month. Be alert for potential fundraises.
- Imaging Biometrics — Broke recent resistance at 0.55p. Targeting the top of the channel near 0.87p by the end of next month. Cautious traders can wait for an end-of-day close above the 50-day (0.67p) and an RSI clear of the neutral 50.
- Jangada — Post-fundraise holding above the raise price (1.4p) and heading toward 2.3p in the short term. Stay above 2.0p on an end-of-day basis to keep the path to 3.0p intact.
- Jersey — Broke neckline resistance at 96p; above that I’m looking for the top of a rising channel around 126p by the end of next month. The 50-day is rising and backing the move.
- Inspecs — Floor of the channel lines up with the rising 50-day (72p). Above recent broken resistance at 77p the chart points to 103p as the next big zone.
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Oscillate — After some oscillation the initial target near 0.66p was hit. Next upside target is roughly 0.85p by the end of next month. Momentum indicators remain supportive.
- Sintana — Fresh coverage after a strong day. Rising 50- and 200-day lines. Above the 200-day (25p) the technical target is 36p by the end of March.
- Tullow — Back to test the 200-day after a recent gap. A daily close above the 200-day (10.8p) would project toward 13.4p. If you prefer caution, wait for that close.
- Thruvision — Creeping up to the 200-day (1.2p) while holding above broken resistance 0.98p. First target is the 200-day; the larger prize is the gap top near 1.7p over the next month or two.
- United Oil & Gas — At key resistance near 0.22p. A solid close above that opens the rising channel toward 0.32p. Current bullish setup is supported by rising 50- and 200-day moving averages and an RSI profile with multiple bounces above 50.
- WeCap — Some choppy days; the important level is 0.95–0.97p (previous resistance). Staying above that gives a chance to reach the 50-day and recent resistance around 1.5p. Watch the next few sessions as the decider.
- Warpaint — Broke neckline resistance near 242p. Immediate target is the top of a falling channel and the 200-day around 288p. There is resistance from the gap top around 272p, but the 200-day is the key zone to reclaim.
Positioning and risk management
Two practical rules I’m using across indices, crypto and stocks:
- Treat clear daily closes through key moving averages and support/resistance levels as your confirmation. A close below a support that has held for weeks usually signals more than a momentary pullback.
- Be mindful of fundraises and corporate news that can rapidly change the technical picture. Several small caps here have raised money recently; that can cap upside or introduce sudden volatility.
Overall, the tape looks constructive: indices are in rising channels, many small caps are forming clean set-ups and RSI readings are generally supportive. The one big caveat is crypto, where a single end-of-day break below structural levels could accelerate downside. Keep stops tight, watch the daily closes, and respect the technical levels outlined above.
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.
