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, Aptamer, Audioboom, Blencowe, CAP-XX, Cobra, CEPS, European Metals, Falcon, Georgina, Kodal, Mkango, Nativo, Ondine, Smarter Web.
Hi, I’m Zak Mir. Here’s my daily sweep of the charts for Monday 11th August — a quick technical read of the FTSE 100, Dax, Dow, Bitcoin, Ethereum, gold and a selection of small‑caps I’m watching closely. I stick to price structure, RSI behaviour and moving average cues so you know what to watch for in the coming days and weeks.
Macro and Index Quick Takes
FTSE 100
The FTSE is perched above the June uptrend line and the old rising channel we broke out of late last month. Key levels to watch:
- Support: ~9,080 — needs to hold on an end‑of‑day close.
- Near target: ~9,240 by the end of this month.
- Best case: ~9,400 at the top of the old channel.
- Downside risks: a “rug pull” into ~9,030 (initial August support) or, if nasty, the 50‑day line near ~8,930.
RSI is ~59 — a comfortable place for further upside as long as price remains above the support zone.
DAX
The DAX is behaving like a potential bull‑flag or a falling channel that started last month. Important pointers:
- Break level: 24,400 — a decisive break points to the top of the channel.
- Upside: 25,400 (channel top) — possible by the end of next month, maybe sooner.
- Support (worst case): ~23,000.
While price stays above the rising 50‑day and RSI is above 50, the bias remains bullish toward that channel top.
Dow
Positive structure here: the index found support at the rising 50‑day line — a bullish leading indicator.
- Near target: 45,000 across August.
- Best case: ~47,400 at the top of the rising trend channel from May last year.
RSI remains on the right side of neutral 50 — overall constructive.
Cryptocurrency Notes
Bitcoin
Bitcoin has done what we wanted intraday, peaking around 122k. The technicals:
- Trigger: an end‑of‑day close above 121k points to a clean run higher.
- Target: ~132k by the end of this month if momentum holds.
- Support / floor: ~115k on any retracement.
RSI has rebounded above 50 — a leading indicator for further upside.
Ethereum
I’ve been including Ethereum in this sweep for about a month — it hit fresh highs as hoped. Technicals to follow:
- Cleared old resistance: ~4,100.
- Near target: ~4,550 (upper parallel of the rising channel from February).
- Best case: ~5,500 by the end of next month for those chasing a stretch target.
Gold
Gold briefly got exciting on talk of tariffs but remains below the April resistance line at ~3,430. Key levels:
- Resistance: 3,430 — an end‑of‑day close above this opens the way toward ~3,800 (not necessarily by month‑end, perhaps by next month).
- Support: ~3,320 and the rising 50‑day line provide the downside floor.
RSI sits around 57 — a nice spot for higher moves if price can clear the April line.
Small‑Caps and Mid‑Caps I’m Watching
Below are the names I covered, the technical set‑ups and the levels I’m tracking. Time horizons quoted are my expectations given current momentum (end of this month / end of next month unless stated).
- Aptamer Group — Price is making a beeline for the target we set after the break of 0.52. Expect moves up toward the 0.68 area; the angle of resistance may allow even a little higher (think 0.70) while price stays above the low‑50s support.
- Audioboom — After a rocky ride we have a classic bear‑trap gap reversal that started the rally. Two RSI bounces around neutral 50 add weight. Break and an end‑of‑day close above last month’s peak (£4.95) could push toward the top of the March channel (£5). Keep an eye on the 50‑day (348) for support.
- Blencowe — Gapped higher in June and hasn’t looked back. Initial target 4.8p, next level 6p by end of next month while above recent support 4.1p.
- CAP‑XX — Progressing inside a rising channel from April. Top of channel is heading toward 0.60p by the end of next month while staying above recent support around 0.37. Multiple RSI 50 rebounds are bullish.
- Cobra — Consistent RNS flow and steady strength. Cleared 2p earlier; we were looking for 3.5p and there’s scope to reach 4p by the end of next month (resistance projection from 2020). Keep 2.5p as the structural support.
- CEPS — This one was 26p last week with a forecast to 46p. It peaked 44p and can still reach 46p by month‑end while staying above the falling resistance‑turned‑support near 31p. RSI has rebounded strongly above 50, which helps momentum.
- European Metals — A textbook setup: unfilled upside gap, price through both 50‑ and 200‑day lines, and RSI bounces. A potential golden cross is forming. Targets: 13–14p by month‑end and maybe 17p by the end of next month if momentum accelerates.
- Falcon — Strong gap above rising 50 & 200 day lines (another ongoing golden‑cross style signal). Looking for 10p by month‑end while remaining above the 50‑day; interim support near 6.8–6.9p.
- Georgina — The stock has weathered recent personal attacks and looks to have established 5–5.5p as proper support. If calm returns, a move toward 9–10p by month‑end is possible; an end‑of‑day close above 5.75p would be constructive.
- Kodal — RRSI 50 rebounds plus support above a rising 50‑day are two leading upside indicators. The setup looks like a bull flag after a June bear‑trap rebound. A reasonable minimum target is the top of the broadening triangle from November as high as 0.70p. A close below 0.30p would damage the bull case.
- Mkango — A lap of honour for the bulls: rising channel from February. Channel target around 34p then looking above that to 45p possibly by month‑end. Multiple RSI 50 rebounds are supportive.
- Nativo — Broadened triangle with the top near 0.85p. If momentum continues, that target could be hit as soon as month‑end while holding above the prior 0.5p resistance turned support.
- Ondine — Ricochet off the rising 50‑day (12.8p). The top of the channel (15p) has been hit twice; an end‑of‑day or end‑of‑week close above 15p this month could open a run toward 23p. The chart shows a healthy saucer‑shaped turnaround.
- Smarter Web — Gingerly moving higher in a rising trend channel from June. Initial target is the 50‑day line (£2.50). The company is absorbing fund raises and BTC buying activity; for cautious traders wait for an end‑of‑day RSI back above 50 (currently 46).
How I’m Interpreting the Technicals
Across indices and selected small‑caps, a few recurring technical themes stand out:
- RSI 50 rebounds are acting as leading indicators — when I see consistent bounces above neutral 50, the probability of further upside increases.
- Price holding above rising 50‑day moving averages is an important structural bullish signal.
- Unfilled gaps to the upside, golden‑cross style setups and channel breakouts tend to accelerate moves when volume confirms them.
What to Watch Tomorrow and This Week
- End‑of‑day closes around the key levels mentioned above (FTSE 9,080; BTC 121k; DAX 24,400; gold 3,430, and the various stock thresholds) — these closes will confirm or invalidate the short‑term bias.
- RSI behaviour — look for sustained readings above 50 on breakouts or failure below 50 on reversals.
- 50‑day moving average tests — successful holds support continuation; breaks demand caution.
That’s it for today — short, chart‑driven, and to the point. I’ll be back with another update tomorrow with fresh levels and any changes in momentum.
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.
