Zak Mir takes a charting look at FTSE 100, Dax, Dow, Bitcoin, Ethereum, Gold, Brave Bison, Bango, Contango, EnergyPathways, FeverTree, Hamak, Harena, Haydale, Mast, Nuformix, Quantum, Smarter Web, Sealand, Tap, TinyBuild.
In this update, I run through the major indices, crypto, gold and a long list of AIM and small-cap names I’ve been watching. Below I summarise the technical picture, key levels to watch and the targets I’m pencilling in over the next few weeks.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Market overview
Overall the picture is mixed but navigable. The FTSE 100 and the Dow are inside rising channels and holding important short-term lines, while the DAX is more vulnerable with RSI failing below neutral. Bitcoin and Ethereum are showing strength in their trend channels but need defined closes above their 50-day moving averages to clear resistance. Gold has been holding up well and looks set to test higher levels sooner rather than later.
Major indices
FTSE 100
The FTSE 100 is making slow but decent progress inside a rising trend channel that dates back to June. Key levels:
- Target (top of channel): 9,475 — I’m looking for this by the end of next month.
- Support / channel floor: 9,190 — ideally we stay above 9,200 right now.
- 50-day moving average: 9,105 — beware a rug pull if we lose that.
RSI has bounced above neutral 50, which is a helpful leading indicator for the upside.
DAX
The DAX is struggling to hold the floor of its rising channel and is below a falling 50-day line just above 24,000. Look out for:
- Near-term support tests at 23,300 (August support) or 23,000 (June floor).
- Weakness signalled by RSI failing below neutral 50 — a roll-over to those supports is possible.
Dow Jones
The Dow is comfortably above the old 45,000 resistance zone and tracking higher inside a May-origin channel.
- Top of channel target: 47,500 — possibly by the end of next month (maybe sooner).
- Near-term 50-day support: 44,700 — worst-case expectation so far.
- Further downside (worst case): August support and the 200-day line near 43,300.
Overall the Dow remains relatively bullish — we haven’t stayed below the 50-day for long since May, apart from last month’s dip.
Cryptocurrencies
Bitcoin (BTC)
Bitcoin is pressing against its 50-day moving average. The key technical call is a clean end-of-day close above that 50-day line (around 114k in the chart). If confirmed:
- Upside target: as high as $132,000 by the end of next month.
- Recent resistance has been in the upper teens (on the chart scale), so the 50-day break is the pivotal step.
- Downside floor of the channel sitting around 108k would likely cap any pullback.
“The key here is breaking that 50-day moving average.”
Ethereum (ETH)
Ethereum has been trying to outperform Bitcoin and so far looks strong. Technicals:
- Currently in a rising trend channel around 4,350.
- Upside target (top of July channel): 5,500 by the end of next month.
- Worst-case pullback: towards the 50-day line at 4,190.
- RSI has had a sustained rebound at or above neutral 50 — encouraging — but we still need an end-of-day close back above 4,500 to clear the recent resistance logjam.
Gold
Gold is holding above 3,600 and looks constructive.
- Near-term upside target: 3,800 — possibly as soon as the end of this month (or certainly by the end of next month).
- Downside risk: a retest of the old April resistance at 3,511 before resuming higher.
Selected stocks and small-caps
There were a lot of names to get through — I filtered hard but cover the ones showing the most interesting technical setups right now. I’m writing these in the order I covered them.
Brave Bison
- Rising channel from July last year, top around 94p.
- Target: 94p by the end of this month while staying above the 50-day at 65p.
Bango
- Gapped up above a rising 200-day line; both 50- and 200-day lines are rising — a potential golden cross situation.
- Top of channel target: 130p by the end of next month while staying above broken resistance at 92p.
- Multiple RSI 50 rebounds preceded the upside move — bullish confirmation.
Contango
- We were trolled a few weeks back but managed to hold the floor at 0.8p.
- Best-case target: 1.75p by the end of next month if we can break the 200-day line (1.08p).
- Important short-term support: rising 50-day near 0.92p.
EnergyPathways
- Decent move recently — missing technical ingredient is an end-of-day close back above recent resistance at 2.66p.
- Close above 2.66p could open the way to 3.7p.
Fever-Tree
- Recent RNS produced an intraday reversal (bear trap then gap up). The shares are above a rising 50-day line.
- Upside target: £9 (resistance from July) — we may need an end-of-day close above RSI 50 to confirm the run.
- Support to hold: recent broken resistance around £8.20.
Hamak Gold
- Following several high-profile appointments, the shares are breaking resistance at 4.3p.
- Target: retest highs of 7p+ by the end of next month, assuming we stay above the 50-day (3.85p).
- A cheeky aside: “One wonders who will be the next to be on the headed note paper…” — market humour, but the chart looks constructive.
Harena Resources
- Rising trend channel from late spring; RSI has pushed above neutral 50.
- Share price bounced above the rising 50-day — top of channel target 2.1p, possibly by the end of this month while above the 50-day.
Haydale Graphene
- Bounced off the floor of a rising channel and is attempting to break the 50-day at 0.62p.
- Punchy upside target: 1.2p by the end of next month if the breakout holds.
Mast Energy
- The 50-day line at 94p remains the focus — staying above recent support (upper 50s / low 60s) is key.
- An end-of-day push to £1 would set up a retest of stronger levels after an RNS scare that, in my view, was overplayed.
Nuformix
- Upgraded to channel status; top target 0.26p while above recent resistance 0.11p (chart scale).
- Both 50- and 200-day lines are rising — looks like it’s back in business.
Quantum Blockchain
- Delivered a periodic spike — main resistance at 1.14–1.4p but the gap-fill and momentum point to 1.6p by the end of this month.
- Keep the 50 and 200-day averages (around 0.8p) as downside supports.
Smarter Web
- Quietly hit the old July support (now resistance) at 172p — we need an end-of-day close above that to aim for 217p.
- Note: the company has a history of issuing equity to buy Bitcoin — rallies often trigger financings.
- Upside scenario requires staying above recent broken resistance around 114p.
Sealand Capital
- Shares have broken recent resistance around 0.45p and are tracking a rising channel started in June.
- Top of channel target: 0.67p while RSI remains above neutral 50 and the 50-day begins to rise.
Tap Global
- One of the stronger quiet risers — it’s come back from the dead in chart terms.
- We’ve cleared the 50-day and recent resistance around 2p. The target is a retest of 3.5p by the end of this month.
- Shares are finally starting to behave as you’d expect in a crypto-friendly market.
TinyBuild
- Recent breakout through resistance with a gap — top of channel points to 12p by the end of this month while staying above December resistance at 7p.
Conclusion
There’s a lot to watch over the next few weeks. The big-picture trend for several major indices (FTSE, Dow) remains constructive while the DAX needs watching for a deeper retracement. Bitcoin and Ethereum are trending positively but require clear closes above their 50-day moving averages to clear recent resistance. Gold continues to look strong. On the AIM and small-cap side, a handful of names have genuine breakout setups — Bango, Brave Bison, Quantum, Tap Global and TinyBuild among them — while others need end-of-day confirmations to validate the moves.
I’ll be watching the 50-day and 200-day moving averages closely across these names, and I’ll post another update tomorrow with any changes. As always, keep risk management front of mind and respect the support and resistance levels laid out 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.
