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, Silver, ACG Metals, Ajax, Andrada, Bradda, Cirata, Delta Gold, EQTEC, Gana, Indus, London BTC, Rockfire, Revolution Beauty, Smarter Web, Vaultz, Xtract.
Technical setups remain the main story this week. Trend channels, 50‑ and 200‑day moving averages and the often‑useful RSI 50 rebound continue to highlight where momentum is and where it could change. Below I’ve boiled the charts down to the practical levels to watch across major indices, crypto, precious metals and a selection of smaller UK‑listed names.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Major indices
FTSE 100
Price is approaching the top of a rising trend channel from February. A clean end‑of‑day close above the channel top would point to further strength; a failure would probably take the index back toward the channel floor.
- Near-term upside: channel top 10,180; if cleared on an EOD close, target 10,500 over the coming month.
- Key support: keep above 10,100 on EOD closes; worst case within the channel 9,980–10,000 (near the November peak of 9,930).
DAX
The DAX looks set to push to fresh highs more smoothly than the FTSE. Both moving averages are rising in parallel, which is constructive.
- Resistance / target: top of the rising channel 25,800; best case to 27,000 by the end of next month.
- Downside: a rugpull would likely test the October peak at 24,700.
Dow
The Dow is wrestling with the large round number around 50,000. There’s some short‑term tiredness visible in the indicators.
- Key trigger: an EOD close through 50,000 would increase the chance of acceleration toward 52,000.
- Support: test of the 50‑day MA near 47,800 if momentum stalls.
Cryptocurrencies
Bitcoin
Bitcoin has pulled back from the highs but is holding a bullish-looking structure: a B‑shaped bull flag sitting above a rising 50‑day MA, coupled with an RSI 50 rebound.
- Support / moving averages: 50‑day MA near $89,000; 200‑day MA acts higher around the mid‑100ks.
- Upside: clear room toward the 200‑day MA area (106,000) while price stays above the 50‑day.
- Downside: failure would likely see a test of the rising trend channel floor from October (86,000).
Ethereum
Ethereum mirrors Bitcoin’s constructive pattern: sideways action above a rising 50‑day MA and a healthy RSI footprint.
- 50‑day MA: $3,056.
- Upside: target the 200‑day MA / October resistance near 3,641.
- Downside: if the 50‑day is lost, the April uptrend line (2,930) becomes a likely destination.
Precious metals
Gold
Gold is reaching for the top of a rising trend channel and has cleared recent resistance — the path higher is dependent on staying above the broken resistance level.
- Key level (broken resistance): $4,500.
- Target: projection to the top of the channel around 4,800 by the end of next month while the structure holds.
- Entry idea: if you missed the move, a disciplined limit order toward the 50‑day MA offers a lower‑risk entry.
Silver
Silver has already exceeded the earlier target zone and is showing continued strength.
- Support / trend: maintain above the uptrend line in the RSI window ($77.8 on the price chart reference).
- Target: best case toward 105 by the end of next month.
- Warning sign: an RSI line near 65 breaking would be the first sign of fatigue.
Selected small caps and microcaps
Smaller names can move quickly when technicals align. Below are the setups that stand out right now — each note includes the key trigger level and the upside objective if the trigger is met.
ACG Metals
- Trigger / support: stay above recent broken resistance £12.50.
- Target: aiming for £15.00 + by the end of next month (chart target to the top of the channel £14.00 already achieved).
Ajax Resources
- Support: 50‑day MA just under 6p.
- Targets: initial target 8.8p; channel top toward 11.25p by the end of next month if momentum holds.
Andrada Mining
- Support: above 4p is important.
- Target: 5.25p by the end of next month (may happen sooner).
Bradda Head Lithium
- Base: bear‑trap rebound from below July support; key to stay above 0.9p.
- Targets: back toward the 50/200 day area around 1.4p, with channel top 1.5p by the end of next month if the rebound continues.
Cirata
- Trigger: break above recent January resistance at 22p.
- Target: move to 31p by the end of next month; rising 50 and 200 day lines suggest a bullish medium‑term setup.
Delta Gold
- Breakout: cleared December resistance (14.5p).
- Near target: 26p, then the upper parallel of the rising channel toward 37p by the end of next month.
EQTEC
Rebound off the floor of a falling channel around 0.060p. A decisive EOD close above the 50‑day moving average would validate the shift and open the gap‑fill target.
- Entry trigger: EOD close above the 50‑day MA.
- Targets: initial rally to the near resistance area; gap‑fill sits higher on the chart (a strong confirmation would push price toward that gap area). 0.024p
Mobile Streams/Gana Media
- Range: trading in a tight band between 0.29p and 0.38p.
- Action: bulls want a break above 0.38p and an RSI back above neutral 50; downside risk is a retest toward 0.21p if the range fails.
Indus Gas
- Trigger: EOD close above 3.22p.
- Target: gap/floor region near 5.5–5.75p by the end of next month while staying above broken resistance at 1.75p.
London Bitcoin Company
- Setup: U‑shaped bull flag and RSI 50 plus rebound — holding without touching the 50‑day MA.
- Targets: retest of 7p by the end of next month; best case toward 8.8p.
Rockfire
- Range: trading between the lower and upper bounds; break above the 50‑day (0.1p) supports a run back toward 0.2p in the short term.
Revolution Beauty
- Pattern: U‑turn and sideways above a rising 50‑day — multiple RSI 50 rebounds.
- Targets: initial 4.15p, then 5.22p by the end of next month, with potential for more if momentum continues.
Smarter Web
- Breakout: cleared the 50‑day MA (43p) and hit the falling channel top (53p).
- Outlook: an EOD close above 53p opens the case for a larger move; while above the old 48p level, upside toward 60p is reasonable.
Vaultz
- Barrier: 50‑day MA around 2.5p has been tested multiple times.
- Target: an EOD close through the 50‑day would set a path toward 3.25p.
Xtract
- Pattern: broadening triangle after a recent bear trap.
- Target: the top of the triangle 1.3p by the end of this month, provided price remains above recent resistance 0.86p.
How to use these levels
Technical trading is about probabilities. Use the listed triggers and support levels to:
- Set clear entries on an end‑of‑day close or on a retest of a broken level.
- Define stop levels — losing the key support noted for each name usually invalidates the bullish case.
- Watch RSI 50 rebounds and the behaviour of the 50‑ and 200‑day moving averages — they give early confirmation of shift in momentum.
Charts will change. Keep a list of the triggers you want to act on and stick to the plan. More updates tomorrow.
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.
