{"id":134900,"title":"Traders Cafe with Zak Mir: Bulletin Board Heroes, Weekend Edition, Sunday 19th April 2026","publisher":"Share Talk","author":"sharetalk","published":"2026-04-19T16:14:45+00:00","modified":"2026-04-19T16:24:08+00:00","canonical_url":"https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-weekend-edition-sunday-19th-april-2026/","markdown_url":"https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-weekend-edition-sunday-19th-april-2026.md","json_url":"https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-weekend-edition-sunday-19th-april-2026.json","category":"Bulletin Board Heroes","categories":["Bulletin Board Heroes"],"tags":["Bitcoin","DAX","Delta Gold","Dow","EnSilica","Ethereum","Feedback","FTSE 100","Gold","Great Western","GreenRoc","Guardian Metal","hVIVO","Hydrogen Utopia","ITM Power","Kazera","Light Science","Sanderson","Strategic Metals","Switch Metals","WTI"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/04/LONDON-20-MARCH-26-scaled.webp?fit=1920%2C889&quality=80&ssl=1","format":"news","language":"en-GB","content":"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, Crude, Delta Gold, EnSilica, Feedback, Great Western, Guardian Metal, GreenRoc, hVIVO, Hydrogen Utopia, ITM Power, Light Science, Kazera, Strategic Metals, Switch Metals, Sanderson.**\n\nThe latest chart setup across the major indices, crypto, commodities, and a handful of small-cap stocks is broadly constructive. At the moment, the stronger themes are breakouts, rising channels, support at key moving averages and a number of continuation patterns that still suggest higher levels ahead, provided the important floors hold.\n\n**As always, do your own research and treat these as chart-based observations rather than hard recommendations.**\n\n### FTSE 100: a tight bull flag points higher\n\nThe FTSE 100 continues to shape up well technically. The standout feature is a very tight, narrow **bull flag** sitting above a rising **50-day moving average**. That is usually the sort of pattern that signals continuation rather than exhaustion.\n\nThe market has effectively been telegraphing that it wants to head higher, regardless of whether the broader fundamental backdrop feels a bit less convincing.\n\nThe key trigger was a weekly close through **10,650**. That should be enough to keep the market on course for at least a retest of the late February to early March resistance area around **10,920**, which also ties in with the record highs.\n\nIf the move extends cleanly, the best-case target is **11,200** by the end of next month, in line with the top of the rising trend channel from October.\n\nOn the downside, the important support levels are:\n\n- **10,500** in the near term\n\n- The floor of the broader channel at around **10,340**\n\nWith RSI around **62**, the index still looks more like it is in a mid-move consolidation than at the end of a rally.\n\n### DAX: breakout through the falling channel\n\nThe DAX has produced a more straightforward breakout. It has pushed through its falling trend channel, and once the market cleared **23,800**, the recovery phase looked properly underway.\n\nNow that the index is back above the **200-day moving average** at around **24,100**, the next obvious target is the first major gap resistance near **25,100 to 25,200**.\n\nOn any near-term weakness, the hope is that the market will not need to go materially below the **50-day moving average**, which sits just under **24,000**. As long as that area contains pullbacks, the chart remains constructive.\n\n### Dow: still the villain of the piece, but breaking higher\n\nThe Dow has been the awkward one for a while, arguably the villain of the piece, but the chart is now improving rapidly. The market appears to have decided that the worst of the geopolitical tension has passed, at least for now, and that has translated into a strong upward push.\n\nThe immediate focus is on **50,000**, with a possible move to **52,150** by the end of next month based on the resistance projection running from November.\n\nThere are several bullish features here:\n\n- A clean breakout structure\n\n- Two unfilled upside gaps so far this month\n\n- Momentum that remains very strong, even with RSI approaching overbought territory\n\nThe next thing to watch is the **50-day moving average** at **47,900**. If that line starts to rise meaningfully, the rally could accelerate further.\n\nThe first warning sign of a false start would be an end-of-day close back below **48,700**, which was Thursday’s resistance.\n\n### Bitcoin: recovery still intact, but bears have a clear case\n\nBitcoin is at an interesting technical juncture. There has been some chatter that the recovery from the beginning of last month may already be complete, and that the recent high could turn out to be the top of the move.\n\nThe market came close to the **79,000** target, getting just above **78,000**, but has so far fallen short of fully testing that resistance. That **79,000** area mattered because it was resistance on the way down after the break of the falling trend channel from August, around **73,000**.\n\nIf the bears are right and that recent peak does mark the top of the rebound, the downside levels to watch are:\n\n- **70,000** at the 50-day moving average\n\n- **66,000** at the floor of the channel\n\nFor now though, as long as Bitcoin stays above **66,000**, the broader recovery argument remains alive.\n\n### Ethereum: struggling at channel resistance\n\nEthereum spent several sessions trying to break through the top of its falling trend channel, near **2,440**, but by the end of the week it had slipped back below that barrier.\n\nThat leaves the market in a recovery phase, but one that still needs to prove itself.\n\nIf Ethereum can reclaim and break above the top of that channel decisively, the next target would be the **200-day moving average** at **2,856**.\n\nIf not, then support comes in at **2,137**, and a more bearish interpretation would point back towards the **2,000** area.\n\nThe encouraging part is the RSI setup. Momentum is still climbing above its own uptrend line in the RSI window, which suggests the recovery from February support has not yet fully rolled over.\n\n### Gold: needs to get back above 5,000 properly\n\nGold remains in a slightly awkward patch. The market is hovering near the top of the falling trend channel from January and close to the **50-day moving average** at **4,899**, but it has not yet delivered the kind of proper end-of-day close above that level that would confirm the next leg higher.\n\nIf that breakout comes, the upside target is roughly **5,200**.\n\nIf it does not, then recent support around **4,600** could come back into play.\n\nThe positive here is momentum. RSI has rebounded from the 50 area and, despite sitting around the low 40s at present, there is still a chance that the recovery can be maintained if that momentum base holds.\n\n### WTI crude oil: a total gamble, as usual\n\nCrude oil is, at the moment, even more of a gamble than it normally is. The market had been looking for **85.95**, but on Friday it dropped well below that and traded as low as **80.56**.\n\nThe issue now is trying to identify where the floor of the current channel actually sits. In normal conditions, the 50-day moving average would often provide a decent reference point, so for now the support area to watch is around **83.85**.\n\nIf that area holds, there is scope for a move back towards **90 dollars**, which was the early April support zone and may now act as resistance.\n\nThat leaves a likely trading range of roughly **80 to 90 dollars**.\n\nHowever, there is a note of caution. RSI has failed at the neutral 50 mark, which often suggests there is more downside pressure than upside momentum. So despite stronger weekend pricing around **86 dollars**, the chart still leans towards further tests of the **80 dollar** area unless momentum improves.\n\n### Stock charts in focus\n\nA number of individual shares are setting up well, particularly those with rising channels, neckline breaks and support from moving averages. Some of these have already hit initial targets and are now pushing into more ambitious territory.\n\n**Delta Gold: above 85p, the bigger target opens up: **Delta Gold has delivered exactly the sort of recovery the chart had been hinting at since the move above a rising 50-day line late last month. The break through neckline resistance around **49p** was the key event. From there, the move to the top of the channel around **85p** followed, and the shares have already moved above that level. The next target is now the upper parallel of the rising trend channel from the end of January, which points to as much as **126p** by the end of next month.\n\n**EnSilica: 70p first, then possibly 95p: **EnSilica has been moving well and came very close to the initial near-term objective, hitting around **69.5p**. The first target remains **70p**, but if the shares can establish themselves above that region, there may be room for a much bigger move. The upper parallel of the rising trend channel from roughly this time last year points towards **95p**. Given the area EnSilica operates in and the current pressure on supply chains, it is not hard to see why the chart has been attracting interest.\n\n**Feedback: still approached with trepidation, but 22p is on the map: **Feedback is one of those names that tends to inspire caution, but the chart is improving. There is a rising trend channel base running from September, and if the shares can remain above the **200-day moving average** at **11.6p**, the top of the channel around **22p** becomes a viable target by the end of next month.\n\n**Great Western: early signs of a catch-up trade: **There is an interesting narrative around Great Western potentially becoming the “new Guardian Metal”. That is a bold comparison, especially given the huge gap in market capitalisation, but the chart has at least started doing the right things. The first target, the top of the rising trend channel at **2.6p**, has already been achieved. Above that, the next target is **4p** by the end of next month, and perhaps even sooner given the recent pace.\n\nThe word doing a lot of work here is **tungsten**, which is clearly catching attention.\n\n**Guardian Metal: 350p remains the target: **Guardian Metal has been one of the standout stories, and the chart still points higher. Using the latest rising trend channel from the end of December, the top of the channel is currently tracking towards **350p** by the end of next month. The key condition is that the shares stay above the mid-April peak at **295p**. While that support holds, the bullish structure remains in place.\n\n**GreenRoc: 6.5p not too ambitious: **GreenRoc also looks well placed. The previous target of **4.75p** has been met, and attention now shifts to the upper parallel of the rising trend channel from this time last year. That points to **6.5p** by the end of this month, and given the current momentum, that does not look especially ambitious.\n\n**hVIVO: finally turning after a long spell in the wilderness: **After what feels like a very long time doing very little, hVIVO is finally beginning to turn. The first target is the top of the channel around **10.75p**. Above that, the upper parallel of the rising trend channel points towards roughly **15p** by the end of next month. There is also a gap on the chart up to **16p**, which offers a more optimistic target over the next four to six weeks.\n\n**Hydrogen Utopia: above 3p, 4.8p remains the goal: **Despite all the headlines about a possible shortage of aviation fuel, Hydrogen Utopia has not moved as aggressively as some might have expected. Even so, the chart is improving. The key development has been the break of resistance at **3p**. Above that level, the working target remains **4.8p**, ideally by the end of next month or perhaps sooner if momentum improves further.\n\n**ITM Power: red line target at 197p: **ITM Power has been one of the stronger names in green hydrogen and electrolyser-related themes. The chart had already been pointing towards the red line target near **91p**, and the setup has since evolved. There is now a new resistance line from last July, and that projects up towards **197p**. That is the target over the next couple of months, potentially by the end of June. The bullish case is strengthened if the shares remain above the mid-range of Friday’s price action, effectively the **120p to 125p** area.\n\n**Light Science: regrouping after the placing: **Light Science is trying to stabilise following the recent £6 million raise, which was an impressive financing effort in itself. Technically, the shares have broken above the bottom of last month’s chart gap at **1.4p**. Above that, the next target is the **50-day moving average** at **2.3p**, possibly by the end of this month.\n\nThe RSI trend is supportive as well, with a clean uptrend line helping the recovery case.\n\n**Kazera: broadening triangle target at 1.7p: **Kazera has broken above the top of its falling trend channel at **1.1p**, and that now opens the way for a move towards the top of the broadening triangle that has been in place since October. That target comes in around **1.7p**. The positive case holds while the shares remain above the **50-day moving average** and, ideally, above the broken resistance line from spring last year.\n\n**Strategic Metals: one of the more lowly rated names: **Strategic Metals looks particularly interesting on a fundamental basis, and technically the chart is behaving itself too. The break above the resistance target at the top of the October trend channel around **6p** has improved the outlook. Above that, the upper parallel of the rising trend channel from October points to **9p** by the end of next month. The progression here has been notably smooth, and ideally the shares now remain above recent resistance at **5.6p**.\n\n**Switch Metals: the time may finally have come: **There has been no shortage of enthusiasm around Switch Metals, but the chart now suggests that enthusiasm may finally have proper technical backing. The share has delivered a gap-close buy signal while staying inside a rising channel. The floor of that channel is around **12p**, and from there the chart points to as high as **22p** by the end of June, if not sooner. The rebound from a rising **200-day moving average** strengthens the setup. More cautious traders may still prefer to wait for an end-of-day close back above the **50-day moving average** at **14p**.\n\n**Sanderson Design: quietly approaching the next breakout zone: **Sanderson Design may not be the noisiest chart around, but it is shaping up nicely. The shares are moving towards the initial target at **66p**. Above that, the upper parallel of the rising trend channel from this time last year points to **85p**. As with many of the charts in this roundup, the key is holding above the **50-day moving average**, which currently sits at **56p**.\n\n### Final chart take\n\nThe broad pattern across markets is still one of recovery and continuation rather than breakdown. The FTSE 100, DAX and Dow all retain bullish technical structures, crypto remains in recovery mode unless key supports fail, and several commodity-linked and thematic small caps continue to benefit from rising channels and breakout patterns.\n\nThat does not mean every setup will work perfectly from here. Some are stretched, some are testing awkward resistance, and in markets like crude oil the chart can turn into a coin toss very quickly. But where price is above rising moving averages, above broken resistance and inside upward channels, it usually pays to respect the trend until the chart says otherwise.\n\n**Disclaimer & Declaration of Interest:**\n\nThe 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."}