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, Alba, Amazing AI, Amaroq, Catenai, GetBusy, Mast, Tap, Verici, and Wildcat.
In today’s market update I run through the charts that matter, from the FTSE 100 and major indices to crypto, gold and a selection of small-cap plays I’m watching closely. Below you’ll find the key levels, targets and risks I talked about on the show, laid out so you can follow the plan and see where the opportunities and danger zones are.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Market overview
Overall the tone is constructive across several asset classes. The big-picture themes are continuation of rising channels for major indices, constructive RSI and moving-average behaviour, and specific short-term and medium-term targets I expect by the end of this month and next month. As ever, pay attention to the 50-day and 200-day moving averages — they remain important reference points for trend health and potential rug pulls.
FTSE 100
The FTSE 100 is approaching a long-awaited target around 95.60 (95,600 in index points). My shorter-term target was end of this month and it looks like we could reach it a little earlier.
- Near-term support: around 20 , possibly down to 94.00 .
- Short-term target: 60 .
- End-of-year best-case: similar area (97.60 is reasonable).
- Downside risk / rug pull: I’m not expecting anything below the old August–September resistance zone at 60 .
DAX
The DAX looks decent after last week’s gap higher. We’ve held above the top of that gap near 24,220 , which keeps the bulls in control.
- Target into the channel top from April: up to 25,700 .
- Key trend guard: the 50-day line (around 25,900 on my view) — staying above that keeps the path higher intact.
Dow
The Dow has broken September resistance cleanly around the 46,000 mark and is working its way toward the top of the rising trend channel from May last year.
- Near-term target (end of this month): 47,900 .
- Key support to hold the bullish case: remain on the right side of 46,000 .
- Worst-case short-term test: the 50-day line near 45,300 .
Cryptocurrencies
Bitcoin
Yesterday was a happy day for Bitcoin — a temporary new high through 125k . With broken resistance above 118k , the next short-term target is the top of the rising trend channel: 134k .
- Best-case (end of year) target for bulls: ~ 150k–152k (November resistance projection and top of a wider channel).
- Support / rug-pull level to watch: the 50-day line, just below 114k — ideally we stay above 118k
Ethereum
Ethereum has been a bit of a disappointment recently but it is at least showing some constructive signs. It’s up modestly and trading above a rising 50-day line.
- Short-term technical tone: RSI has broken an RSI resistance line (around the 56 level) and RSI sits comfortably above 50.
- Near-term target: channel top around 5,300 , possibly as soon as the end of this month.
- Downside floor / rug-pull risk: channel floor just below 4,000 . The 50-day line (4,392 ) should act as support while RSI is through 50.
Gold
Gold keeps pushing higher — the path remains up while we stay above recent broken resistance around $3,800 .
- Target by the end of next month (or sooner): $4,160–4,170 .
Stocks I’m watching
Below are the small-cap and bulletin-board names I covered, with the technical picture and targets I expect over the short to medium term.
Alba Mineral Resources
Alba has reclaimed the 200-day line and crucially bounced above a rising 50-day line and RSI 50 — that double signal is constructive.
- Near-term target: around 0.28 by the end of this month (subject to fundraising behaviour).
- Key support: the 50-day line near 0.16 .
Amazing AI
I interviewed the team this morning, and the chart looks encouraging. The share price bounced above a rising 50-day line (around 1.13p ), which is a solid recovery signal.
- Target to fill the gap down from July: about 0.75p (the top of that gap) by the end of this month if the 50-day remains supportive.
Amaroq
Amaroq has struggled but is benefiting from the rising gold price. The shares are trying to regain momentum.
- Resistance to clear: a close above 85p (top of the falling trend channel) — if that happens, target £1.00+ by the end of this month.
- More conservative trigger: back above the 200-day moving average around 86p before pushing to £1+.
- Best-case resistance beyond that: ~ 105p (post-March resistance).
Catenai
Katana is in mid-move consolidation toward a short-term target of 0.50p , then the old April resistance near 0.88p over the next month or so.
- Key levels: stay on the right side of 0.40p . Both 50 and 200-day lines are rising; a golden cross formed at the start of October.
- Multiple RSI 50 rebounds support the bullish case.
GetBusy
GetBusy has had a strong run and sits in a wide rising trend channel from 2023.
- Target: up to 110p as soon as the end of next month while price remains above recent broken resistance at 73p .
Mast
Mast experienced two sharp rug pulls since the beginning of last month and is tentatively trying to recover. That sort of volatility makes it hard to rebuild confidence quickly.
- Initial target to prove recovery: regain the old September support at 57p , while staying above the 200-day moving average near 41p .
- Bear in mind investor sentiment damage after big rug pulls — recovery can be bumpy.
Tap
Tap continues to see sellers around the 2–3p area but is attempting to form higher lows, with rising 50 and 200-day lines teasing a golden cross.
- Near-term resistance to clear: around 3–3.5p . Until that happens, persistent sellers may keep pressure on price.
- Potential long opportunity on dips toward the 200-day line near 8p .
Verici
Verici gapped higher and is bouncing within a rising trend channel. The RSI is near neutral 50 and needs to clear the 0.80p area convincingly.
- If cleared, upside target: 1.20p , possibly as soon as the end of this month.
- Gap floor support: 0.65p — staying above the gap keeps the bullish case intact.
Wildcat Petroleum
After an attempt to push the stock down (which failed), Wildcat is pushing higher. Resistance on the downside near 0.14p now looks like support.
- Target: the top of the broadening triangle and one-year resistance near 0.24 .
- Interesting operational context: the company returned from suspension — that leaves room for speculative activity around any potential deal news.
Summary and risk reminders
To recap the actionable parts:
- Indices (FTSE, DAX, Dow) remain constructive while they hold key moving-average support levels; expect further moves toward the channel tops over the coming weeks.
- Bitcoin and Ethereum are showing bullish technicals with clear targets; keep an eye on 50-day support for rug-pull risk.
- Gold is trending higher and could reach the mid-4,000s range by next month if momentum continues.
- The small-cap names discussed all have clear technical triggers — look for trendline/MA confirmation before committing, and be aware of fundraising or seller pressure risks.
Remember: charts give probabilities, not certainties. Keep stops, watch the 50- and 200-day lines, and be mindful of sudden liquidity events in bulletin-board stocks.
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.
