Zak Mir takes a charting look at FTSE 100, Dax, Dow, Bitcoin, Ethereum, Gold, Artemis, Atome, Bradda, Cizzle, Defence, EQTEC, Fulcrum, Great Western, Harena, Hemogenyx, ImmuPharma, Mast, Shuka, Trellus.
In this weekend’s bulletin, I run through the key charts that matter: the FTSE 100, DAX, Dow, Bitcoin, Ethereum, gold, and a selection of AIM/small-cap names that have caught my attention this week. Below, I walk you through the technical setups, the levels I’m watching and the practical triggers that tell me whether to stay involved or step aside.
As always, do your own research and treat these as chart-based observations rather than hard recommendations
Market pulse: indices and macro
FTSE 100
The FTSE remains inside a rising trend channel that’s been in place since early June. The channel floor sits around the 9,180–9,200 area — staying above 9,200 is my minimum requirement to remain constructive. The RSI is around 60 which supports further upside. A clearance above the recent highs could take the index toward the top of the channel near 9,515, possibly by the end of next month (or sooner if we get lucky). Note the recent record-level action: Friday closed at 9,340 versus the old peak of 9,357.
DAX
The DAX is fighting to hold the floor of its long rising channel (in place since April). The nominal support is around 23,600 and we’ve been testing that level repeatedly over the last month. The 50-day moving average is lower, around 24,070, while the RSI has slipped well below neutral (just under 44). That gives a real risk of a break to the downside — first to the August support around 23,300 and, worst case, toward 23,000 (June post-support). My simple play: wait for an end-of-day close above the 50-day line or an RSI recovery above 50 before getting bullish.
Dow
The story here is simple: hold 45,000. We’re doing that for now. The 50-day moving average is roughly 44,800, so as long as we’re above the 44,800–45,000 combination I’m looking higher toward the top of the channel from last May — as high as 47,500 by the end of next month (could come sooner). The near-term downside buffer is probably no lower than 44,000, with the 50-day line the key area to defend.
Cryptocurrencies
Bitcoin
Bitcoin had a stronger finish to the week and spent the latter half above its 50-day moving average at 114,500. While the price remains above that 50-day line the technical bias is constructive — a clearance of 120k would be very bullish, with the rising channel top near 132k by the end of next month. RSI 58 is supportive of an upside break.
Ethereum
Ethereum looks positioned to break higher more easily than Bitcoin in my view. We’re approaching last month’s resistance near 5,000, with a channel top around 5,500 (rising since early July). Keep it above the 50-day (4,248) and RSI (60) and the path of least resistance is up.
Gold
Gold is in a rising trend channel since April. The top of that channel sits near 3,850 and I’m looking for that level by the end of next month while price remains above recent support/resistance around 3,600. Even if there’s a pullback, I’d like to see it hold above the old April resistance near 3,511 to keep the bullish case intact.
Small caps & AIM movers — what I’m watching
Below are the stocks I discussed, the technical triggers and my targets. Where I give a target it’s conditional on the technical break mentioned.
- Artemis Good fundraise — shares have broken out of a falling wedge and cleared the 50-day line (0.36p). That opens a move toward 0.58p by the end of next month, supported by recent bounces off a rising 50-day moving average.
- Atome Despite a strong RNS late last week, the share move was muted (only 22% on Friday). The key is a break above the red November resistance projection at 68p — clear that and the next target is up toward £1 by the end of next month.
- Bradda After a long three-year downtrend the shares have finally pushed higher this week. We’re now above the old February resistance near 1.25p. While staying above the 200-day moving average (1.08p) a move to 1.75p by the end of next month looks feasible.
- Cizzle Shares have rallied in recent days on no fresh news — maybe someone is anticipating something. The top of the broadening triangle is 2.8p. As long as price remains above the recently-broken resistance around 1.75p, that upside is live.
- Defence Holdings One of the summer’s favourites has bounced off a previous target and the next target sits around 1.25p. Above that I’d look for 2p by the end of this month and potentially 3p by the end of next month (April resistance). The RSI shows a healthy uptrend bounce — that’s a positive technical read.
- EQTEC We’ve seen a bear-trap rebound from below the January support (around 0.40p) into the top of the range near 0.60p. If nothing else happens, that’s a plausible target by the end of next month. Fundamental issues remain — remember the proposed capital reorganisation — so treat this as a technical trade rather than a fundamentals play.
- Fulcrum Had a bounce and is attempting a second crack at the 200-day moving average (5.88p). An end-of-day close through 5.88p could open up a run toward 10p by the end of next month. The near-term trigger is clear: close above the 200-day line.
- Great Western A chronic underperformer that’s at least showing signs of a rebound. We’ve already had some strength; best-case target is 1.75p while staying above recent support and the 50-day line. Keep an eye on the 1p level as a psychological boundary — several RSI 50 rebounds have improved the technical picture.
- Harena Rising trend channel in place with a top near 2.1p. The 50-day sits near 1.47p — if the shares can stay above that the 2.1p level is a likely near-term target, possibly by the end of the month.
- Hemogenyx One of the best calls in recent weeks. Having cleared the earlier target (920p), the final target I’m watching for this month is as high as 1200p. Several RSI 50-plus rebounds back up the bullish case.
- ImmuPharma After a very strong interview and renewed interest, the shares are above the earlier 11p target. If momentum continues the obvious next target is 18p by the end of the month — sooner if buyers remain aggressive.
- Mast Tuesday’s RNS was a bit of a damp squib and arguably unnecessary. That gave a buying opportunity in the 60–80p zone for those who missed the prior move. Nice end-of-week close above a rising 50-day line — next meaningful resistance is around 140p. Note the RSI is still 45; I want to see it back above 50 to be confident the worst is behind us.
- Shuka We’ve seen a bear-trap/island reversal pattern: gapped down then gapped up. The stock has habitually struggled above its 200-day line, but an end-of-day close above 4.3p (the 200-day) would leave a plausible retest of the June resistance near 7p by month-end.
- Trellis Looks oversold and is showing an uptrend in the RSI window. The recent gap down looks likely to be filled — an end-of-week close back above the old lows (0.60p) puts a minimum target of 0.80p to fill the gap. After that a move toward a higher, multi-pence level by the end of next month is possible — but the immediate confirmation would be an EOD close above RSI 50 and the 50-day moving average.
Practical rules I’m using now
- Keep trades conditional on clear technical triggers — daily close above key moving averages (50-day/200-day) or RSI recovery above 50.
- For indices: defend the obvious lines (FTSE 9,200; DAX 23,600; Dow 45,000) — breaks below change the plan quickly.
- For small caps: treat RNS-driven moves with caution; use technical levels for entries and have tight risk management given volatility.
Conclusion
That’s the run-through for this weekend. Several global indices remain constructive while DAX needs to prove itself. Bitcoin and Ethereum look technically healthy while gold continues a steady up-channel. On the small-cap front there are several actionable technical set-ups — but most require a clean break of moving averages or resistance lines to justify fresh exposure. I’ll be watching these levels and posting updates during the week.
““Stay on the right side of 9,200” — FTSE guidance. Watch the moving averages and RSI 50 for confirmations across the board.”
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.
