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, Aferian, Coinsilium, Christie Group, Delta Gold, Feedback, Hemogenyx, Imaging Biometrics, Petro Matad, Renalytix, Raspberry Pi, Trellus, Vault Ventures.
Markets are carving clear directions this week. Some indices are punching higher out of defined channels while a clutch of small-cap names are attempting to convert oversold rebounds into sustainable rallies. Below is a concise, chart-driven view of the major indices, crypto, gold and a selection of AIM and junior stocks that have caught the eye recently.
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
The FTSE has just broken above the long red resistance line around 10,570. Momentum indicators have been unusually strong, with multiple RSI rebounds above the neutral 50 level since late December. That gives a reasonable upside projection toward 11,000 by the end of next month. If sentiment reverses sharply, look for channel support near the uptrend line from October around 10,375.
DAX
The DAX is attempting to break a recent range between the 50-day moving average (~24,600) and the range top (~25,200). A successful breakout points to the next resistance band near 25,800, with a stretch target toward 26,600 if the push stays strong. On the downside the 200-day (~24,100) should act as key support.
Dow Jones
The Dow remains inside a narrow upward channel with the lower boundary around 48,900 and an upside channel target near 50,800 ahead of the end of next month. Rebounds from the RSI 50 level and sustained support above the 50-day moving average underpin the bullish case; a dip to the 50-day is likely to attract buyers.
Cryptocurrencies
Bitcoin
Bitcoin is consolidating within a channel and recently touched the floor near 60,000. Key short-term support sits at 65,000; a decisive close above the range top at 72,000 would open the way into the upper 70s. If downside pressure wins, the channel floor is marching toward the mid-50,000s (around 57,000).
The RSI is relatively flimsy, so downside is slightly favoured at the moment, but an end-of-day close through 72,000 would tilt the balance back toward a meaningful recovery.
Ethereum
Ethereum mirrors Bitcoin’s setup: recent lows were near 1,750 and the channel floor sits close to 1,715. A break above the short-term 2,150–2,160 zone is required to clear immediate resistance and target 2,400. For now the price action looks like a consolidation that could precede further weakness, with 1,700 area being a plausible downside pivot.
Gold
Gold has been travelling inside a rising channel with an occasional overshoot above the upper boundary. The nominal channel top sits near 5,150 while the 50-day moving average offers support around 4,673. Volatility has eased since late January, making dips toward the channel floor and the 50-day attractive buying opportunities.
Selected Small Caps
These mini-briefs summarise key technical levels and short-term targets. Targets are chart-based and assume current momentum continues.
- Aferian — bounced off a low around 0.3p with RSI extremely depressed. Best-case rebound could reach 0.9p. A failure to hold above recent highs would suggest a deeper retest.
- Coinsilium — recovering after a long consolidation; initial resistance near 3.66p, with a stretch target to 4.5p if the rising 50-day continues to support price.
- Christie Group — carving out a rising channel. Top of the channel aims near 190p and a rising 50-day/200-day alignment suggests a smoother path higher if recent support at 129p holds.
- Delta Gold — strong IPO-like interest despite recent fundraising. Short-term target remains 42p while intraday support sits near 35p.
- Feedback — attempting a breakout through the 200-day. A sustained end-of-day close above the black 200-day line could open ground toward 20p, though the stock has been prone to disappointments in the past.
- Hemogenyx — RSI holding above 50 and price flirting with the £10 threshold. An end-of-day close through £10 would make £14 a plausible near-term target, with support around £8.70.
- Imaging Biometrics — after a rug-pull the chart suggests a run toward the previous channel top near 0.87p and a gap fill up to 0.85p. Conservative traders will wait for a close above 0.55p to confirm strength.
- Petro Matad — breaking resistance close to 1.20p. A daily close above that level points to a target in the region of 1.88p, while the 200-day moving average sits near 1.12p as support.
- Renalytix — bounced off the bottom of a falling channel and looks set to retest the gap area around 5.12p. A cautious approach would be to wait for an end-of-day close above the gap floor (4.36p).
- Raspberry Pi — following a broker upgrade and buy recommendation, price instantly hit the initial target at £4.77. With momentum intact, the next objective is £6.20.
- Trellus Health — a dramatic day for the shares. Main condition for continuation is staying above the 200-day moving average (0.76p); the channel top points toward 1.50p next month if support holds.
- Vault Ventures — longer-term resistance sits at 1.6p (200-day). Clearing that would target the rising channel top at 2.85p, and beyond that the retracement toward the summer highs becomes a possibility.
Practical trade notes and risk management
- Respect structure. Channels, moving averages and clean RSI 50 rebounds are providing the best risk/reward setups right now.
- Use daily closes. Many of the key levels mentioned should be confirmed by end-of-day closes rather than intraday blips.
- Position sizing. Small-cap names remain volatile. Limit position sizes and use tight, predefined stop losses around the nearest support zones.
- Event risk. Earnings, RNS releases and broker notes can rapidly change technical narratives. Keep an eye on fresh news for these junior names.
Conclusion
Overall the picture is constructive for the major indices, with clear channel breakouts and RSI support signalling higher targets. Cryptocurrencies remain in a delicate consolidation with downside slightly favoured unless key resistance levels are broken. Among small caps, several names have formed technical setups that could produce meaningful moves if momentum continues — but discipline and tight risk controls are essential.
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.
