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, Altona, Eco Buildings, Hvivo, IG Design, Kazera, Panther, Pipehawk, RTC, TPXimpact, Tullow Oil.
Markets remain broadly constructive across major indices while a handful of sectors and small-cap names are showing sharper momentum. Momentum indicators are doing a lot of the talking: multiple RSI 50 rebounds, rising 50- and 200-day moving averages, and a few golden crosses are steering the tone higher
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Below is a chart-driven, practical summary of key levels, likely paths and stocks to watch over the coming weeks.
Major indices: FTSE 100, DAX and Dow
FTSE 100
The FTSE is well set and showing strong momentum. RSI readings are comfortably above the 60 level — a sign of robust bullish bias. Key technical points:
- Immediate support: 10,200 (recent support and the floor of the rising trend channel).
- Near-term target: 10,550 by the end of the month, assuming the market stays above 10,200 — realistically it looks likely to hold above 10,300.
DAX
The DAX is trading in a clear range between the 50-day line and recent resistance.
- Support: 24,500 (50-day moving average).
- Resistance: 25,000 with an upside target of 25,700 by month-end if the range continues to resolve higher.
- Both the 50- and 200-day moving averages are rising — a constructive backdrop. If a pullback appears, the 200-day line near 24,000 could provide a secondary buying opportunity, similar to November.
Dow
The Dow has been testing new highs, spending a few days above the 50,000 level but still feeling cautious at those dizzy heights. Technical cues:
- Short-term support: February resistance at 49,600 should act as support now.
- Near-term target: 52,000, possibly by the end of next month if momentum continues.
- If a dip arrives, place limit orders nearer the 50-day line around 48,700.
Cryptocurrencies: Bitcoin and Ethereum
Bitcoin
Bitcoin has been consolidating around the 70,000 area and the recent price action looks like a potential bear flag. Momentum is weakening — RSI is flat — which increases the risk of a downside move unless a bullish break appears.
- Bear flag confirmation: an end-of-day close below 68,000 would suggest further downside.
- Possible pullback targets: low 60,000s or the channel floor near 59,000.
- Bullish invalidation: an end-of-day close above 72,000 would open the path back into the mid-to-upper 70,000s.
Ethereum
Ethereum is under pressure and faces the risk of testing deeper support levels. The current technical picture points to a cautious near-term view.
- Resistance: around 2,150.
- Near-term floor of the channel: about 1,720, potentially arriving later this month.
- Wider downside risk: a retest of an earlier April support zone was flagged close to 400 in recent comments; that level would represent a significant decline if reached.
Gold
Gold has been volatile, but the technical structure is showing resilience around the 50-day moving average after multiple tests. The moving averages are rising and RSI rebound signals are pointing higher.
- Key 50-day area: around 4,598.
- Near-term breakout level: an end-of-day close above the 5,110 zone would likely propel gold into a fresh range of 5,100–5,500 for the month.
- Leading indicators such as RSI 50 rebounds support an upside continuation while moving averages stay rising.
Selected small-cap
Below are concise technical snapshots for a group of small caps that have attracted recent interest.
Altona Rare Earths
- Recent resistance to retest: 2.6p (October resistance).
- Support threshold: keep above 1.9p to target 2.4p+.
- Longer projection: an upper parallel of the current triangle points toward roughly 3.8p if weekly closes cooperate above 2.4p.
Eco Buildings
- Breakout through recent resistance around 17p.
- Target: 28p (October resistance) possibly by the end of next month — stay above the broken resistance at 16p.
Hvivo
- Neckline breakout at about 7.75p.
- Initial target: the 200-day line near 9p, with a best-case move to 13p potentially by month-end.
- Multiple RSI 50 rebounds add to the bullish case.
IG Design
- Positive update and a gap to fill up toward 74p.
- Need a decent end-of-day close above the 200-day moving average and broken October resistance at 60p to validate the move.
Kazera Global
- Price gapped through the 50-day moving average.
- Short-term ambition: 1.6p by month-end, with the 50-day line around 1.2p acting as a key support for bulls.
Panther Metals
- Reached the top of a falling trend channel at about 85p and must clear recent resistance near 88p.
- Target: up to 116p by the end of next month looks achievable following a recent golden cross and RSI signals.
PipeHawk
- Currently bouncing off rising 50- and 200-day moving averages.
- Top of the channel target roughly 3.25p by the end of next month.
- Cautious approach: wait for a clean clearance of the 2.0–2.1p zone before committing.
RTC Group
- Gapped through recent resistance and sits inside a rising trend channel in place since 2023.
- Target: around 170p on a two- to three-month view while holding above the gap floor near 103p.
TPX
- Strong update and break through resistance at 26p.
- Triangle breakout implies a run toward 50p+ by the end of April if momentum holds.
- Near-term mechanics: stay above the 50-day line around 22p. An upgraded short-term call is 12p by month-end while above recent broken resistance at 8p.
What to watch and a short checklist
- Major support levels: FTSE 10,200, DAX 50-day (24,500), Dow 49,600 — these will signal whether the current bullish bias can continue.
- Bitcoin: watch for an end-of-day close below 68,000 (bear flag confirmation) or above 72,000 (bullish recovery).
- Gold: a close above the 5,110 zone would reframe the near-term range toward 5,500.
- If any rug pull occurs, the 50- and 200-day moving averages provide logical areas to stage buys for both indices and individual names.
- For speculative small caps, insist on clean break-and-hold levels rather than chasing intraday spikes; use the broken resistance zones listed above as references for stops and targets.
Summary
Overall, the technical backdrop is constructive with leadership in a few indices and selected small-cap names. Momentum indicators are supportive, but the distance to all-time highs and some choppy price action in crypto and gold mean selective positioning and clear risk management are essential. Use moving averages and the listed support/resistance levels to build a disciplined plan for entries, targets and stop locations.
More updates expected as new data and corporate news arrive. Stay alert to clean closures of the key levels highlighted above — they’ll tell you whether the bullish thesis is marching on or needs to be revisited.
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.
