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, Ajax, Bradda, Celsius, Critical Metals, Cornish Metals, DeFi, Delta Gold, EQTEC, Ferro-Alloy, Kodal, Mkango, Oracle Power, Smarter Web, Tertiary, Wellnex.
Short, sharp technical read on the major indices, crypto, gold and a batch of small‑cap bulletin board stocks showing actionable setups. Focus remains on RSI 50 rebounds, 50‑day and 200‑day moving averages, rising trend channels and clear end‑of‑day confirmations.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Below are the levels, targets and the risk points to watch for each market and stock.
Market — indices
FTSE 100
The FTSE has cleared the top of a long channel from February at 10,180. On an end‑of‑day close above that level the next target is the upper red rising trend channel near 10,500 by the end of next month. The recent rally has been fuelled by multiple RSI 50 rebounds — keep watching daily closes for confirmation.
DAX
Watching for a push toward the top of the rising channel from April, with a near‑term target around 25,800 if we hold above the old October resistance at 24,700 on an end‑of‑day basis. Best case extends toward 27,000. Key downside support is the 50‑day moving average near 24,100.
Dow
Appears to be in an extended bull flag between roughly 48,800 and just under 50,000. RSI sits above neutral (about 60) — a breakout past 50,000 could project up to around 52,000 by the end of next month. Flaw level around 48,600; a severe pullback would test the 50‑day just below 48,000.
Cryptocurrency
Bitcoin
Bitcoin has turned the old resistance near 95,000 into support after an RSI 50 rebound that delivered roughly a $5,000 move. A break through near 98,000 targets the 200‑day moving average around 106,000 by the end of next month. Expect short, shallow pullbacks to the 50‑day around 90,200 rather than deep crashes unless macro news intervenes.
Ethereum
Technically constructive: rising 50‑day, double RSI 50 rebound, but stalled at the old resistance around 3,200. Staying above that opens a path to the October resistance and the rising 200‑day near 3,658 by the end of next month. Market remains a touch and go — confirmation on daily closes matters.
Gold
Gold has broken recent resistance through 4,500 and cleared another level around 4,550. The top of the channel projects near 4,800 by the end of next month. Downside channel support sits in the 4,400 area — a sensible place to consider limit buy orders for those looking to play dips.
Small – Caps
Below are the small‑cap situations currently showing the clearest technical setups. Each entry lists the signal, the immediate target(s) and the key downside level to respect.
- Ajax (Aquis): Up 42% year‑to‑date. Bounced off the old target near 8.75p. Closed at 10p recently — an end‑of‑day close above 10p would open a path to 14p by the end of next month. Avoid if it closes back below 8.75p.
- Bradda: Bear‑trap rebound after trading below a penny. Short‑term target near the falling‑channel top at 1.5p, with upside to around 2.25p by the end of next month while staying above 1.5p.
- Celsius: Gapped through the old target at roughly 0.70p. Looking for a move to 1.05 (units as per market quote) by the end of this month while holding the recent trading area around 0.80. Both 50‑day and 200‑day moving averages are rising.
- Critical Metals (CRTM): In a rising trend channel. First target 16p, second target 25p. Expect the 25p zone by the end of next month if momentum continues.
- Cornish Metals: Strong rise since the start of the month. Rising trend channel projects a target near 160p (market quote units) by the end of next month provided it holds above Thursday’s support at roughly 116p.
- DeFi Development: Sideways shuffle above a rising 50‑day line after an RSI 50 rebound. Minimum target the base of the rising trend channel at about 123p, with a maximum up to the 200‑day near 164p by the end of next month.
- Delta Gold: Broke resistance at 14.5p and nearly reached the 26p target. An end‑of‑day close above 26p opens a run to the upper parallel of the rising channel near 37p.
- EQTEC: Held above an unfilled upside gap — a classic bear‑trap gap reversal. Look for an RSI close through neutral 50 and price above the 50‑day (initial target 0.11). If momentum holds, a re‑test of last month’s resistance near 0.19 is possible. Avoid if price drops back below 0.06.
- Ferro‑Alloy: Has pushed above the 200‑day line near 7.12p following an RSI 50 rebound. Third time’s the charm for a break above 9p; target the channel top at 17p by the end of next month.
- Kodal: Hit an ambitious intermediate target of 0.46. The July resistance line projects to about 0.57 by the end of this month. A recent golden cross has added weight to the bullish case.
- Mkango: Broke the last major resistance at 53p. Expect a push toward roughly 85–86p by the end of next month as the stock regroups after earlier headwinds.
- Oracle Power: Rallied without fresh news and hit target near 0.038. Key area to defend is around 0.06; holding that leaves scope to retest 0.10.
- Smarter Web: Signs of short covering. Clearing the top of a falling channel at 53p puts 80p in play by the end of next month. Could be a classic short squeeze setup.
- Tertiary Minerals: First target of 0.08 reached. Modest further upside to 0.11 is the immediate objective — maintain above 0.08 for the bullish case.
- Wellnex: Heavy short interest historically. Evidence of accumulation: lower lows in price but not in RSI, which started to trend higher. Initial target up to 12p (top of falling channel), possibly 14p if momentum continues. Important support to hold is around 7p, with accumulation noted near 6p.
How to use these levels — a short trader’s checklist
- End‑of‑day confirmations matter. Many targets require a daily close above (or sustained above) key resistance lines to validate the next leg up.
- Watch RSI 50 rebounds. Rebounds through and off the 50 RSI have been reliable continuation signals across several names.
- Use moving averages as stop zones. The 50‑day and 200‑day often act as natural support or risk fences — place stops or plan entries with these in mind.
- Respect the flaw levels. For indices and individual stocks the transcript outlined clear flaw/rugpull levels (for example Dow flaw ~48,600 or Bitcoin 50‑day ~90,200) — treat these as your downside alerts.
- Size positions for volatility. Bulletin board stocks can gap and be shorted aggressively. Keep position sizes small and use limit orders or defined stops.
Final thought
The broad picture is constructive across major indices, crypto and a number of speculative small caps. Confirmations via end‑of‑day closes, rising 50‑day/200‑day moving averages and RSI 50 behaviour will separate the high‑probability setups from the noise. Keep risk tight, follow the levels above and let price prove the case.
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.
