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, Bango, Celebrus, Empire, Fusion, Fulcrum, Genicode, Hemogenyx, Image Biometrics, Mast, Nexteq, THG, WeCap.
In today’s market run-through, I walk the charts for major indices, crypto, gold and a selection of small- and mid-cap names from the Bulletin Board Heroes list. Below, I summarise what I’m watching, key support and resistance levels, and my targets if the technical picture holds.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Market overview: indices and themes
Overall the tone is cautiously optimistic in a number of markets where price remains above key 50-day moving averages and we’ve seen RSI 50 rebounds — a signal we often use as a leading indicator for further upside. However, some markets are struggling at trend-channel floors or have already broken lower, which raises the risk of deeper pullbacks toward 200‑day moving averages and prior support.
FTSE 100
The FTSE is trading within the rising trend channel established in June and remains above the 50‑day line around 9,139 . Price has been bouncing off the channel floor and the recent intraday low was about 9,195 .
- If we stay above the channel floor and the 50‑day line, my near-term target is the all-time high at 9,357 , with a best-case toward 9,500 by the end of next month.
- On the downside, the key risk is a break below the 50‑day line (just below 9,140 ), which would invalidate the near-term bullish case.
- Notable technical signal: we’ve had an RSI 50 rebound , which is one of our favourite leading indicators for upside continuation.
DAX
The DAX has struggled at the floor of its rising trend channel and that floor has now been broken around 23,600 . With that break, the next target is the 200‑day moving average near 22,700 , which would also re-test post‑June support and bring us back to late‑April levels.
- The market has shown multiple failures to sustain above RSI 50 and that weakness has started to play out.
- While below 23,600 , the 200‑day line is a reasonable downside target.
Dow
The Dow is a little soggy but hanging in a constructive area. The main support zone is 45,000 , which was previous resistance and sits close to the 50‑day moving average at 44,850 .
- So long as we remain above that combination, I’m looking toward 47,600 by the end of next month.
- We may need a test of the 50‑day / old resistance before momentum can re-accelerate higher.
Crypto and gold
Bitcoin
Bitcoin has benefited from recent hype and is finding support at the 50‑day line, which is encouraging.
- Short-term resistance sits around 117,00 ; a break there gives another run at recent highs toward 124,00 .
- Best-case by the end of next month is up to 132,00 (top of the rising trend channel from late February).
- Bear case: a break below the 50‑day line would point down to the 110 area and the channel floor, but that looks less likely after the RSI 50+ rebound.
Ethereum
Ethereum’s chart is more mixed — it’s bouncing off the floor of its rising trend channel from July but isn’t yet keeping pace with Bitcoin.
- Current floor is around 4,420 , with a key stop-loss area at an end‑of‑day close below the 50‑day line around 4,275 .
- Upside target while above the channel floor is towards 5,500 .
- Positive note: Ethereum remains above RSI 50, which could lead the next leg up if sustained.
Gold
Gold continues to rally — daily action has pushed through toward the 3,700 zone and I’m looking for 3,800–3,850 by the end of next month, potentially sooner if momentum continues. Key support sits around 3,610 .
Selected stocks
Below are the names I covered with the important technical levels, targets and caution points. These are short, actionable chart calls — keep position sizes sensible and use the stated support/stop levels.
Bango (BGO)
Bango is powering up toward the top of its channel. Initial target is 132p (channel top) — an end‑of‑day close above that opens a run toward the upper parallel near 150p+ , with a best-case to 170p by the end of next month.
Key: need an end‑of‑day close above 132p and ideally stay above 110p which was prior resistance on the way down.
Celebrus Technologies (CLBS)
This name is bouncing above a rising 50‑day moving average. The chart looks constructive and the target is around 170p , with the upper channel toward 235p by the end of next month if the momentum persists.
Empire Metals (EEE)
After a recent pullback, Empire has bounced off old resistance near 30p . The defining move will be a sequence of end‑of‑day closes back above the 50‑day line at about 38p .
- Close above 50‑day could take the shares toward 50p by the end of the month.
- Do not want to see a breakdown below yesterday’s support at 30p .
- Be cautious until we get consistent closes above the 50‑day and RSI 50.
Fusion Antibodies (FAB)
Hemogenyx continues to provide headline activity and sits in a range between roughly 12p and 16p .
- Key technical win would be a break above the 17p area — there is little resistance until the spike high near 22p .
- Support to hold near 12p .
Fulcrum Metals (FMET)
Fulcrum (had an announcement today) is trying to clear its 200‑day line around 5.75p . So long as it trades above that level, there’s scope back toward 10p by the end of next month. We’ve also seen an RSI rebound above neutral and the 50‑day line is starting to rise.
Genincode (GENI)
Genincode has spiked two days running and hit the top of a falling trend channel that’s been in place since April last year. A clean end‑of‑day close above 5p opens a target of 7p+ by month‑end. On the downside the 200‑day line near 2.66p is the danger zone; keep above roughly 3.5p if possible.
Hemogenyx (HEMO)
Hemogenyx now sitting in the range of 160p, a brake of the 165p area – with nothing between a high of 250p. we need the shares to hold above 120p if we can.
Image Biometrics (IBAI)
Nice breakout from a falling wedge through the 0.60–0.7p area. Above that, I’m looking for up to 1.20p by the end of next month. There’s some resistance around 0.85p to be aware of, but the break of the March downtrend line is encouraging.
Mast Energy (MAST)
Mast (the name referenced as Mars in the video) could see a quick return above 200p+ in a best-case scenario if momentum continues after the sharp RNS-driven pullback. The shares are currently above a sharply rising 50‑day line at about 99p , with the next resistance/support zone around 135p and an interim target near 140p in prior setups.
Nexteq (NXQ)
Nexteq is speeding toward our target of 90p , which is the top of the December triangle and also fills a gap at about 88p . Above that, the next significant level is around £1.00 , which was the one‑year resistance.
Maintain exposure while price stays above 80p .
THG
THG is attempting a break of the 200‑day line (34p ) for the first time in a long while (last seen properly above in May last year). While above the 50‑day (30–31p ) and with an RSI 50 rebound, a move toward 40p and low‑40s by the end of next month is a reasonable target.
WeCap (WCAP)
We finish with WeCap — I think it should have rallied more so far but there’s time. The shares are bouncing above a rising 50‑day line and I’m looking at around 3–4p as a target.
Key technical themes and risk management
- RSI 50 rebounds: These have been a consistent leading indicator on recoveries — several of the names above show RSI pushing back above 50 which supports bullish scenarios.
- 50‑day moving average: A number of charts are finding support at the 50‑day. For many short-term setups an end‑of‑day close below that line will invalidate the bullish bias.
- 200‑day moving average and trend-channel floors: Markets like the DAX have broken the channel floor and are at risk of testing the 200‑day; that’s a higher‑risk environment and warrants caution.
- Use clear stops: I’ve outlined key stop/invalid levels for the individual names — if those are breached on an end‑of‑day basis the technical case is typically weakened.
Bottom line
There are multiple constructive charts across indices, crypto and specific small- and mid-cap stocks. The dominant signals I’m watching are RSI 50 rebounds and whether prices can stay above 50‑day moving averages. That combination will determine whether these setups can accelerate toward my month‑end and next‑month targets. Conversely, breaks below the stated 50‑day or 200‑day levels (depending on the market) will shift the balance toward downside targets.
“”RSI 50 rebound is one of our favourite signals in terms of a leading indicator on the upside.””
I’ll be back tomorrow with more chart updates. Trade carefully and manage risk — the charts will tell you when the momentum has truly shifted.
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.
