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, Atlantic Lithium, Ariana, Amigo, Alien Metals, Astrid, Eco (Atlantic), Goldstone, Landore, Nativo, Orcadian, Seascope, Shield Therapeutics, Strategic Minerals, Sterling Digital, Tiger Royalties, Vaultz.
Price action across indices, gold and select small caps shows momentum, consolidations and a few clear breakouts — even where fundamentals and politics might suggest caution.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Below are concise, chart-focused notes on the major indices, crypto, gold and a selection of small-cap stocks worth watching.
Major indices
FTSE 100
The FTSE is finding a very firm floor around 10,130, almost refusing to dip lower. That’s produced a resilient RSI sitting in the 60s — unusual strength for this stage of a move.
- Immediate breakout level: end-of-day close above 10,220.
- Near-term upside target: 10,500 by the end of next month if that breakout holds.
- Chart pattern: a rising midmove consolidation, which is one of the stronger continuation setups.
DAX
The DAX briefly failed to hold the top of the recent gap at 24,750 and is flirting with the 50-day moving average around 24,300. A dip to that line is being treated as a buy opportunity while the 50-day and 200-day remain upward sloping.
- Key support: the 50-day ~ 24,300.
- Target if momentum resumes: 25,600 by the end of next month.
- Note: RSI is below neutral at about 44, so keep position sizing sensible on pullbacks.
Dow
The Dow is holding the lower edge of a rising trend channel, roughly near 49,000.
- First target: the top of the original rising channel near 50,000.
- Best-case target: up to 52,000 if momentum extends to the higher channel from December.
- Key risk: breakdown beneath the 50-day line around 48,200 would increase downside risk.
- RSI is still above the neutral 50 mark, which keeps the tone constructive.
Cryptocurrencies
Bitcoin
Bitcoin has struggled at the 50-day moving average — effectively failing to clear that line multiple times. That weakens the uptrend for now.
- 50-day resistance: about 89,600 (recent failures here).
- Risk on failure: a retest of November support near 80,500.
- To turn positive: needs a clean end-of-day close back above the 50-day line to target the October resistance area near 93,000.
Ethereum
Ethereum mirrors Bitcoin’s weakness: a clear failure under its 50-day moving average and an RSI below 50.
- 50-day level: approximately 3,062.
- Downside risk: retest of November support near 2,622.
- Outlook: cautious until an end-of-day close above the 50-day line.
Gold
Gold has staged a blow-off style move. Prices have jumped quickly from October levels and are now well up near the so-called lilac target line.
- Ambitious target noted: around 5,680 by the end of next month.
- Key issue: the rapid rise makes identifying reliable support tricky — if you are long, you are in a strong position; if you are trying to enter or exit, it can be messy.
Small-Cap stock
Here’s a snapshot of individual charts that are shaping up well. Prices and targets below reflect the technical levels being watched right now.
Atlantic Lithium
- Holding above old November resistance 11.9p.
- Short-term target: 13p, with a higher potential toward 18p if momentum continues.
- RSI profile: multiple rebounds off the 50 line, supportive for further gains.
Ariana Resources
- In a rising trend channel from June.
- Target: around 2.3p by the end of next month.
Amigo
- Recent rapid run: first target 0.8p, second 1.4p, third 3p — all hit in quick succession.
- Current support: initial level around 2.75p to act as a stop-loss; main old resistance sits near 5.5p.
- Note: the big move means a retracement is possible; manage position sizes accordingly.
Alien Metals
- Trend line break and cleared the 50/200-day averages recently.
- Consolidating around 0.19p, target the old August resistance near 0.28–0.29p by the end of next month.
Astrid Intelligence
- Second target already hit at 0.17p.
- Next upside aim: the 200-day moving average near 0.2p.
- Stop-loss reference: old September resistance at 0.15p.
Eco (Atlantic) Oil & Gas (identified pre 10p)
- Forming a V-flag and trying to break old highs just under 35p.
- Above 25p the technical objective is 45p. Keep an eye on staying above 30p as a short-term support.
Goldstone Resources
- Third target hit; recent breakout above 1.65p.
- Next target: about 2.4p by the end of next month.
- Support to watch: 1.5p.
Landore Resources
- Bear-trap rebound from below 2.3p.
- Gapped up; target to fill gap near 3.6p.
Nativo Resources
- Holding the gap floor at 0.5p.
- Target: 0.8p by the end of next month or sooner if momentum persists.
- RSI profile: clean bounce off 50 with subsequent follow-through.
Orcadian Energy
- Breakout through recent resistance around 20p.
- Target above that breakout: 35p (originally called above 18p).
Seascape Energy Asia
- Rising trend channel from June; nicely gapping through resistance.
- Top of the channel target: around 104p by end of March.
- Multiple RSI 50 rebounds support the continuation case.
Shield Therapeutics
- Bounced above a sharply rising 50-day line on an end-of-day close.
- Target: up to 14p by the end of February.
Strategic Minerals
- Has already outperformed a prior ambitious target after clearing the neckline resistance.
- Holding above 2.35p; next aim around 3.5p next month.
Sterling Digital
- First-time look shows a nascent move after a slow start.
- Top of the channel near 7p is the modest target while staying above the 50/200-day cluster around 0.5p.
Tiger Royalties
- Bounced with bullish RSI divergence and cleared recent resistance near 0.55p.
- Next resistance target: roughly 0.95p, but needs to negotiate the falling trend channel top near 0.6p first.
Vault Ventures
- Heading toward the second target at 1.6p.
- If it gaps through the 50-day line and sustains that move, the lilac-line objective is ambitious — around 2.65p by the end of next month.
- Technical positives: support above the rising 50-day and an RSI 50 rebound.
Practical takeaways and risk management
- Use end-of-day closes to validate breakouts. A daily close above key moving averages or trend lines matters more than an intraday pop.
- Keep clear stop-loss levels in mind — many of these small-cap runs can retrace sharply after big moves.
- For indices and gold, watch the 50-day moving average for pullback buying opportunities; for cryptos, respect the 50-day as a near-term trend filter.
- Where RSI shows repeated 50-line bounces, that often signals structural strength. Conversely, an RSI failure below 50 usually means the bears have the upper hand until proven otherwise.
Markets change quickly. These levels and targets are the technical roadmap for the coming weeks — use them as guideposts rather than guarantees.
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.
