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, Audioboom, Aptamer, Bradda, Bezant, Cloudbreak, Conroy, Panthera, Rome Resources, Xeros.
In this update I run through the major indices, key crypto and commodity action, and a selection of small-cap stocks on my watchlist. Below you’ll find the levels I’m watching, likely targets and the downside floors that would make me reassess the picture.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Market snapshot — what I’m watching this week
Overall the tone is constructive: major indices are holding notable support and looking to extend recent gains, crypto is consolidating but still in rising channels, while gold is showing a parabolic move higher. On the small-cap bulletin board, a number of individual names have triggered breakouts or gaps that merit attention.
FTSE 100
The FTSE sits at record levels and, frankly, no one in government is claiming credit — which might be for the best. Key technicals:
- Immediate support: around 9,420.
- Primary upside target: 9,570 — the top of the black June rising trend channel.
- Best-case near-term target: 9,780 (May resistance-line projection).
- Christmas dream: 10,000 (don’t jinx it!).
- Near-term downside risk: a slip back to the old August–September record-high area near 9,350 — the worst case I’m currently considering. The 50-day line also acts as a channel floor and could provide support.
DAX
The DAX looks like it may be consolidating last week’s upside gap — essentially a mid-move bull-flag. We stalled around 24,500 (previous July/August resistance), which explains the hesitation.
- Target: 25,800 — the top of the channel and an achievable level by the end of next month (perhaps sooner given the unfilled gap and rising 50-day).
- Downside guard: the 50-day line around 23,900 is the worst-case I’m watching for now.
Dow
The Dow hasn’t really reflected shutdown fears — it’s holding up well.
- Support: recent level around 46,000.
- Target: the top of the May-last-year channel near 47,900, possibly by the end of this month.
- Downside: a rug-pull would bring the 50-day line into play near 45,400 — the worst case at present.
Bitcoin and Ethereum
Crypto remains interesting: rising 50- and 200-day lines, but short-term pullbacks mean patience is needed.
Bitcoin
- Recent high: $125,000.
- Support to hold: 118,000 (the August–September resistance area).
- Near-term target: the top of the February rising channel around 134,000 — I’d expect this by the end of next month (possibly sooner if momentum resumes).
- Best-case (2025 year-end) target: 153,000 — that’s the top of the overall rising trend channel from November last year.
- Downside: a break back below 118,000 opens the floor of the channel around 110,000.
Ethereum
- Testing the rising 50-day line (around 4,406 at the time of speaking) — a bounce here would be constructive.
- While above that line I’m looking for a move toward the top of the channel near 5,400 by the end of next month.
- Interim target: the psychologically important 5,000+ area if momentum returns.
- Commentary: Ethereum has felt a bit disappointing lately — to me it looks roughly $500 too cheap relative to the setup, which is slightly frustrating.
Gold
I keep calling gold’s strength — the market is not looking cheap and the move has a parabolic flavour.
- We cleared 3,860 and have been tracking the top of the rising trend channel from April.
- Target: 4,160 by the end of next month.
- Market chatter: many outlets are noting $4,000 has been hit — that momentum is visible on the charts.
- Downside: if we fail, look to 3,800 as a likely retracement level, but ideally we stay above the channel floor at 3,860.
“”This market just seems to be going higher in a par parabolic way.””
Small-cap watchlist — bulletin board movers
Several small caps have either printed gap breakouts, shown RSI 50 rebounds or benefited from specific news — all of which I’m watching closely.
AudioBoom
- Recent targets I’ve discussed: 750–770p and more recently 775.
- If we can hold above the old February resistance (around 670 on my chart), an acceleration higher is likely — the December resistance is the next key area on my charts and would mark a significant upside if taken out.
- Price-action signals: multiple RSI 50 rebounds over recent months are continuation signals you see in strong bull modes — that supports a constructive bias here.
Aptamer Group
- We’ve seen two unfilled gaps to the upside and a reclaim of the previous target around 0.9p.
- Near-term: a retest of September’s 1.5p resistance is plausible by the end of the month (or allowing into the end of next month).
- Important floor: the gap floor at 0.95p on an end-of-day close basis — staying above that keeps the setup healthy.
Bradda Head
- After a brief pop through 1.75p the stock looks to need a daily close above that level to turn the most optimistic scenario on.
- If we take out 1.75p on an end-of-day close (current levels 1.50p), there’s room to run toward 3p by the end of next month — that is the optimistic target.
- Downside guard: the December resistance at 1.45p — we don’t want to fall back below that.
Bezant Resources
- One of the big winners recently — a vertical move past the previous target of 0.07p.
- Near-term target: 0.13p, ideally by the end of this month.
- Longer-run: above 0.13p there’s potential for an extra leg to 0.18p — essentially a mirror reversal of the 2022–2025 decline.
- Technical note: an RSI 50-plus rebound earlier (from about 0.05p) signalled the strong rally we’ve seen — that signal has been useful across other winners too.
Cloudbreak Discovery
- I’ve adjusted the price channel after we cleared previous targets; the rising trend from August points to a top near 1.55p while remaining on the right side of the setup.
- We’ve also had a double RSI 50-plus rebound — another continuation signal that argues for more upside if the pattern holds.
Conroy Gold
- Fundraising news has helped and we’ve already hit the 10p target I was happy to see cleared.
- New target: up to 22p by the end of next month while staying above 10p — ambitious, but not impossible if the macro picture (and commodity/geopolitical drivers) cooperate.
Panthera Resources
- Litigation funding and a constructive update have spurred the shares into a rising trend channel.
- Near-term target: 22p by the end of next month if the channel holds.
- Best-case (by year-end): up toward 30p, if we can crack and stay above the old May resistance near 19p.
Rome Resources
- Still an enigma, but we’ve seen a bounce above the 200-day line and RSI back above neutral 50.
- A daily close above the sharply rising 50-day line would be a proper rebound signal; I expect the 200-day to begin curling up into the end of the week.
- Target on confirmation: around 0.5p while remaining on the right side of 0.3p.
Xeros Technology
- A steady rising trend channel is in place from last summer; the top of the channel heads toward about 2.75p.
- Key technical: stay above 1.6p on an end-of-day close to keep the bullish scenario alive.
Summary and what I’ll be watching next
In short: major indices look constructive with clear upside targets and identifiable downside guards. Bitcoin and Ethereum remain in rising channels and could extend higher if they hold short-term support. Gold is the standout for me — it’s moving in a powerfully bullish, near-parabolic manner.
On the small-cap side, several stocks have demonstrated the classic breakout behaviours I like to follow: unfilled gaps, RSI 50 rebounds and clean trend-channel breakouts. I’ll be watching end-of-day closes closely — those are the confirmations that matter for the next leg higher.
More updates tomorrow — I’ll keep tracking these levels and call out changes as they happen. If you want the charts and the running context, follow my channel for daily bulletin board commentary.
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.
