{"id":131712,"title":"Traders Cafe with Zak Mir: Bulletin Board Heroes, Tuesday 20th January 2026","publisher":"Share Talk","author":"sharetalk","published":"2026-01-20T12:33:00+00:00","modified":"2026-01-20T12:45:11+00:00","canonical_url":"https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-tuesday-20th-january-2026/","markdown_url":"https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-tuesday-20th-january-2026.md","json_url":"https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-tuesday-20th-january-2026.json","category":"Bulletin Board Heroes","categories":["Bulletin Board Heroes"],"tags":["Arrow","Aterian","Bitcoin","Block Energy","DAX","Dow","EDEN","Ethereum","FTSE 100","Funding Circle","Genedrive","Gold","Orcadian","Reabold","Scancell","Zaks Traders Cafe"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Traders-Cafe-with-Zak-Mir_-Bulletin-Board-Heroes-5-750x406-1.jpg?fit=750%2C406&quality=89&ssl=1","format":"news","language":"en-GB","content":"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, Aterian, Arrow, Block Energy, Eden, Funding Circle, genedrive, Orcadian, Reabold, Scancell.\n\nShort-term technicals are signalling caution across several major markets. Indices have kicked off a mild pullback, cryptocurrencies look shaky around their 50-day moving averages, while gold continues to outperform. A handful of small caps are showing fresh momentum and deserve a place on the watchlist.\n\nAs always, do your own research and treat these as chart-based observations rather than hard recommendations.\n\nBelow is a concise chart-driven summary of the key levels, market behaviour and trading scenarios to keep an eye on.\n\n### Major indices\n\n**FTSE 100**\n\nThe FTSE peaked just above the top of its rising trend channel near **10,220** and the feared bearish divergence in the RSI has produced a roughly **1%** pullback. Short-term support around **10,160** did not hold, so the next floor to watch is the base of the October rising channel at about **10,000** — a meaningful psychological and technical level.\n\nIf 10,000 gives way, the nightmare scenario is a slide to the 50-day moving average around **9,828**. The one constructive note is the RSI sitting at **58**, still above the neutral 50 line, which leaves scope for a bounce as long as it stays above that midpoint.\n\n**DAX**\n\nThe DAX has gapped down and slipped back below the old October resistance at **24,700**. Absent a close back above that level, the 50-day moving average at roughly **24,200** is the next area of interest. This weakness undermines any near-term case for a rapid push to the best-case target of **27,000** by the end of next month.\n\nPolitical headlines have been a clear driver of the recent volatility. Markets tend to react first to uncertainty, so short-term risk remains elevated until price can reclaim key resistance levels.\n\n**Dow**\n\nThe Dow remains range-bound between about **48,800** and just below **50,000**. There is an uptrend line sitting around the **49,000** area — a break below that would put the lower range floor at **48,800** in play. Worst-case on a deeper pullback is the 50-day moving average just under **48,000**.\n\nRSI readings remain constructive, so a clean continuation higher is still possible unless fresh risk aversion pressures equities lower.\n\n### Cryptocurrencies\n\n**Bitcoin**\n\nBitcoin suffered a bull-trap break above **95,000** and then came very close to testing the 50-day moving average near **90,400**. The immediate conditional plan:\n\n- Bullish scenario: bounce from here and retest **95,000**.\n\n- Bearish scenario: an end-of-day close back below the 50-day MA opens the door to the uptrend line from October near **86,000**.\n\nRSI is below neutral at about **47**, which is not a great look for bulls in the short term.\n\n**Ethereum**\n\nEthereum shows a similar pattern to Bitcoin but with a clearer 50-day test. Price has touched the 50-day moving average around **389** — a potential buying point for aggressive bulls seeking a move back up toward **3,300+** while the market holds above the 50-day on an end-of-day closed basis.\n\nIf the 50-day is lost, the uptrend line from April around **3,007** becomes the next structural support to watch.\n\n### Gold\n\nGold remains the standout performer. The chart continues to point higher and a target of **4,800** by the end of next month looks achievable — possibly even sooner. A resistance projection now heads toward around **4,900** as the near-term target.\n\nKey support levels to protect the bullish case are recent support near **4,540** and the latest gap floor at about **4,620**. An end-of-day close back below those levels would weaken the uptrend.\n\n###  Small – Caps and Watchlist\n\nSeveral smaller names are showing interesting chart action and clear trade levels. The following summarises the setups, targets and invalidation points to monitor.\n\n- **Aterian** — January made lower lows while the RSI held steady (bullish divergence). A decisive end-of-day close through **25p** targets up to **35p** by the end of next month. An EOD close back below **23p** would negate the upside scenario.\n\n- **Arrow Exploration** — Two recent gaps higher, one in December and another now, suggest the worst may be over. Above the 50-day at about **12p**, a move to the top of the broadening triangle near **17p** is plausible. RSI uptrend has also held.\n\n- **Block Energy** — Has gapped through a rising 50-day and reached the 200-day area around **0.87p**. An end-of-day close above the 200-day line would put the top of the range toward about **1.15P** in play.\n\n- **Eden Research **— Surprise rebound with both 50- and 200-day moving averages now rising. The immediate target is the top of the range near **4.25p**, with the next resistance up toward roughly **6.25p**.\n\n- **Funding Circle** — A notable update and a level to watch: holding above old November resistance at **140p** opens a path to around **170p** by the end of next month. This is a punchy call and could still prove a bull trap, so position sizing and risk management matter.\n\n- **Genedrive** — Announced potential for a £6m fundraise. The share price sits on a rising trend channel; while it holds above the 200-day (**1.02p**), the channel top toward about **1.5p** is targetable.\n\n- **Orcadian Energy** — Despite sector headwinds, previous target at **18p** has been hit. Above that, the upper parallel of a rising trend channel from summer 2024 points toward about **35p**, potentially by the end of next month.\n\n- **Reabold Resources** — The recovery has been held and the second target at around **0.09p** was reached. Above that, the upper channel line could see moves toward about **0.17p**. Key short-term support to keep the bounce intact is around **0.11p**.\n\n- **Scancell Holdings** — Hit the target near **13.5p**. If momentum continues, the next channel parallel could take the shares to roughly **17p** next month. Recent broken resistance just above **12p** is the immediate level to defend.\n\n### What to watch next\n\n- RSI relative to the neutral **50** level across indices and cryptos — staying above 50 keeps the constructive case alive.\n\n- End-of-day closes relative to 50-day moving averages — clean daily closes beneath those averages tend to signal more meaningful pullbacks.\n\n- Key psychological and technical floors: **FTSE 10,000**, **DAX 24,200** (50-day), **Bitcoin 90,400** (50-day).\n\n- Gap floors and prior resistance zones on individual stocks — a gap fill or hold can be the difference between a bull trap and a fresh breakout.\n\nMarkets remain sensitive to headline risk and momentum signals. Trade setups with clear invalidation points and disciplined risk management are the practical way to navigate the current patchy picture. More updates tomorrow.\n\n**Disclaimer & Declaration of Interest:**\n\nThe 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."}