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, Atlas Metals, Anpario, ACG Metals, Atlantic Lithium, Cadence, Chill Brands, Cirata, Eco Buildings, Fusion, Genedrive, Hemogenyx, ImmuPharma, Landore, and Medpal.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Major Indices: What I’m Watching
FTSE 100
The FTSE is making progress inside a rising trend channel that started back in June. Key levels:
- Channel floor: 9,180
- Recent neckline resistance: 9,250 — the longer we stay above this, the better the outlook
- “Pick day” support line: 9,086 — sustained action below here would be a concern
- Near-term target: 9,450–9,470 (by the end of September or into next month)
As long as price stays above the pick-day line and within the rising channel, a run toward the mid-9,400s looks likely.
DAX
The DAX has bounced off the floor of its rising channel (around 23,600) and is eyeing higher territory:
- Short-term resistance: the 50-day line just above 24,000
- Channel top target: 25,600 (into the end of next month)
- Confirmation tip: wait for RSI to break back above neutral 50 — we haven’t seen that since late August
Dow Jones
The Dow continues to hold support at the old highs (45,000) and remains in a clear rising channel since May last year:
- 50-day line: 44,700 — a key support zone on any pullbacks
- Near-term target: 47,000–47,600 (expectation over coming weeks / into next month)
- RSI: keeping it above neutral 50 gives further confidence in extension
Cryptocurrencies
Bitcoin
Bitcoin is sandwiched between the channel floor ($109,000) and the 50-day line ($114,000). The setup to watch:
- Need an end-of-day close back above the 50-day and RSI 50 to confirm strength
- If that happens, my target is $130,000 — possibly by the end of this month, otherwise by the end of next
- Balance of forces suggests institutions and Bitcoin-treasury buyers are active on dips
Ethereum
Ethereum still has a live path to 5,500 but needs to clear short-term resistance first:
- Immediate resistance area: 4,500 (late-August/early-September supply)
- 50-day line sits around 4,174 — staying above this and RSI > 50 would keep the 5,500 case intact
- Timing: possible by month-end, otherwise into next month
Gold
Gold is stretching toward the long-standing target area:
- Target: $3,800 (top of the April-onwards channel $3,830)
- Key short-term support/resistance: $3,600 (initial September resistance)
- Outlook: still constructive while price remains above that September threshold
Small-Cap Watchlist: Stocks I’m Following
Below are the names I looked at, the levels that matter, and my near-term objectives. Prices are cited in pence where relevant.
- AMG — Second time lucky on a deal announcement. We blew through the old target near 39p and the old highs sit back toward 70p. This looks like a fast move; patience rewarded for those already positioned.
- Anpario — Gapped up through resistance and the top of its channel. Near-term target about 550p while holding above the broken resistance around 430p, supported by a solid recent company update.
- ACG Metals — Momentum looks strong. The top of the May channel is near £9.40p and the shares may reach that sooner than expected while staying above the channel floor (£6.95p).
- Atlantic Lithium — Recovery pattern: hit the top of a broadening triangle (9p) and projecting up to 11p in the next week or two. Multiple RSI rebounds above neutral 50 add conviction.
- Cadence Minerals — Excellent two-day move to hit the target at 2.5p and find support above it. Next upside parallel is toward 4p during the remainder of the month. Also cleared the old gap top at 2.7p which now acts as support.
- Chill Brands — Positive announcement and a bounce off the floor of a rising trend channel. RSI bounce above 50. Looking to keep support around 1.75p ahead of a potential move to 3.2p by the end of next month.
- Cirata — A battered stock that’s now breaking back above its 200-day line (22.75p). If it holds, a run toward 40p by the end of next month is plausible.
- Eco Buildings — Building momentum: second unfilled gap to the upside, bear trap reversal and now above the 200-day (5.35p). Initial target 6.25p (October resistance), with room up to 9.45p by the end of next month.
- Fusion Antibodies — Classic mid-move consolidation with three RSI bounces above 50. A clean end-of-day close through 17.5p should target 21–22p by month-end, while remaining above the old 14p target.
- Genedrive A genuine recovery possibility here. We’re seeing bullish divergence (lower lows in price but higher RSI). An end-of-day close back above August support (0.73p) could drive the shares to the top of the falling trend channel (1.2p) by the end of next month.
- Hemogenyx — Another lap-of-honour winner. Having hit the resistance target (£9.20–£9.30p), my view is to see the shares hold above previous resistance around £7.30p and potentially make another attempt at the £10 zone and the resistance projection from June last year.
- ImmuPharma — We’ve ripped through what felt optimistic (11–11.2p) and are heading toward a likely golden cross in the next day or two. While staying above 12p, I’m looking at an extended target up to 18p — possibly within September — with the old 11–12p area expected to act as support.
- Landore — Winner status: broke the initial target (4.75p, the top of a broadening triangle) and is setting up for another leg above 6p later this month while holding above 4.75p.
- MedPal — Fresh market introduction with a rising trend channel. Floor around 9p and a target near 15p by month-end while keeping RSI > 50 and staying above both the 50- and 200-day lines (7p).
How I’m Thinking About Risk and Confirmation
Across the board I’m looking for confirmation from a few consistent signals:
- Price staying above key moving averages (50-day, 200-day where noted).
- RSI holding above neutral 50 or bouncing back above it after a pullback.
- Price action respecting the floors and tops of established channels or triangles.
If those conditions are violated, the trade thesis needs re-evaluating. Otherwise, many of these charts point to measured upside over the next few weeks to a month.
Conclusion
The market internals are showing encouraging structure — rising channels across indices, cryptos looking for 50-day confirmations, and several small caps showing clear technical breakouts or recoveries. Keep an eye on the RSI and the key moving averages as your validation points. I’ll be back with more updates tomorrow.
“”The longer we spend above recent neckline resistance, the better” — stay patient and let the charts confirm.”
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.
