{"id":141063,"title":"Traders Cafe with Zak Mir: Bulletin Board Heroes, Weekend Edition, Sunday 27th September 2026","publisher":"Share Talk","author":"sharetalk","published":"2026-09-27T13:35:32+00:00","modified":"2026-09-27T13:35:32+00:00","canonical_url":"https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-weekend-edition-sunday-27th-september-2026/","markdown_url":"https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-weekend-edition-sunday-27th-september-2026.md","json_url":"https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-weekend-edition-sunday-27th-september-2026.json","category":"Bulletin Board Heroes","categories":["Bulletin Board Heroes"],"tags":["80 Mile","ASOS","Bitcoin","Blackbird","Connecting Excellence","Cykel","DAX","Dow","Ethereum","Forgent","FTSE 100","Gold","Incanthera","Meridian","Rc 365","WTI Crude Oil"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/03/LONDON-20-MARCH-26-scaled.webp?fit=1920%2C889&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 the **FTSE 100, DAX, Dow, Bitcoin, Ethereum, Gold, WTI Crude Oil, ASOS, Blackbird, Connecting Excellence, Cykel, 80 Mile, Forgent, Incanthera, Meridian, RC365.**\n\nThe major indices are testing the lower edges of their rising channels, Bitcoin and Ethereum are holding above former resistance, and crude oil has lost some of its upward momentum. Among the shares, several strong moves have already met their first targets. The question now is whether those breakouts can hold their ground.\n\n###### **As always, do your own research and treat these as chart-based observations rather than hard recommendations.**\n\n## Major indices: channel support in focus\n\n### FTSE 100\n\nThe FTSE 100 remains perched on the floor of its rising trend channel from March. It has been able to hold above channel support around 10,660, but the 50-day moving average at 10,758 is still in the way.\n\nA break through the July resistance line at 10,810 would be the signal that things are getting going again. On that basis, the top of the channel around 11,100 becomes the upside target.\n\nThere is an obvious complication: the Budget is approaching, and the market’s response to any tax measures is unknown. If the index instead breaks below the channel, the 200-day moving average and former July support around 10,400 look like the likely destination.\n\n### DAX\n\nThe DAX is doing a bit of a dance around the floor of its own rising channel from March, roughly at 25,300. The recent floor near 25,200 matters, while a stop below 25,000 would allow a little more room for movement.\n\nInitial resistance sits at the 50-day moving average around 25,800, followed by early September resistance at 26,200. Until the DAX clears that 50-day line, there is not much more to say on the bullish side. If support gives way, the 200-day moving average around 24,700, also a July support area, is the favoured downside target.\n\n### Dow Jones\n\nFriday brought some relief for the Dow. It rebounded from an area that looks increasingly like the floor of its rising channel, around 51,300, although that boundary was not entirely clear beforehand.\n\nWhile Friday’s low holds, the 50-day moving average near 52,700 is the level to look for on the upside.\n\n## Bitcoin and Ethereum: consolidation above old resistance\n\n### Bitcoin\n\nBitcoin has consolidated reasonably well, finding support during the week around 82,000, a former resistance area. As long as it remains above that level, the top of the broadening triangle in place since February offers a possible target as high as 95,000 by the end of next month.\n\n### Ethereum\n\nEthereum looks slightly stronger in terms of support, having stayed above former resistance around 2,580. The base of its rising channel points towards the 2,900 to 3,000 area. A best-case move would reach roughly 3,400, where post-November resistance comes into play.\n\n## Commodities: gold needs confirmation, crude loses momentum\n\n### Gold\n\nGold has been frustrating, though there is still an argument that it is moving along the base of a rising trend channel near 4,250. The first convincing sign of renewed strength would be an end-of-day close above the 50-day moving average, around 4,320.\n\nThat could open a path towards the 200-day moving average at roughly 4,542 by the end of next month. It would not be a clear run: 4,400 is a substantial resistance area. Below the current channel base, there appears to be little support before the post-August area around 4,220.\n\n### Crude oil\n\nThe wind has been taken out of crude oil’s sails. It gapped down, then failed to fill the gap, with the gap’s lower edge becoming resistance around $97.\n\nWhile crude stays below that level, a test of the 50-day moving average near $88 is a risk. Its relative strength index, or RSI, has also fallen below the neutral 50 level. Judging by the chart alone, that raises the possibility that the bull run since February has ended, even if prices manage a bounce along the way.\n\n## Smaller-Cap Shares to Watch\n\n- ***ASOS: **ASOS has hit its first three chart targets, including the third at **447p**. The move has been almost vertical, which makes finding a sensible stop-loss level awkward. Thursday’s peak around **490p** is now an initial level to watch for the bullish case. There is also a fourth potential target: a projected resistance line dating from early 2024 points towards the** 580p** zone, possibly by the end of next month or sooner.*\n\n- ***Blackbird: **After a long, bleak run for Blackbird, this week offered the first signs of improvement. The first target is around **2p** to **2.1p**, with 2.1p marking the top of the falling trend channel in place since summer 2025. If the shares can get through that boundary, a best-case target near **3.2p** by the end of next month comes into view. Ideally, they hold above former August resistance around **1.12p**. The 50-day moving average near **1.34p** is another level to keep an eye on if the move falters.*\n\n- ***Connecting Excellence: **Connecting Excellence has reached its first target at **2.2p**. Above that, the upper boundary of its rising trend channel from February points as high as **3.25p** by the end of next month. The recent improvement in Bitcoin may be helping sentiment, and the company has also issued a decent recent update. For the chart, though, 2.2p is the immediate hurdle.*\n\n- ***Cykel: **Cykel reached the top of its rising channel around **33p** during the week and pushed a little beyond it. After that sort of move, the question is how much ground it gives back. If support appears around **26p** to **27p**, a fresh leg higher could retest the old June resistance towards **45p**.*\n\n- ***80 Mile: **80 Mile has been the standout chart. The first important signal was a break through resistance around **0.67p** to **0.68p** and out of the falling channel from February. That put the 200-day moving average in play. The shares then cleared another resistance line around **0.94p**. March’s high around **1.5p** was the next obvious target, but the current chart allows for a more ambitious move towards** 2.4p** while the shares hold above the floor of the recent gap near **1.3p**. Both the 50-day and 200-day moving averages are rising, bringing a potential golden cross into the picture.*\n\n- ***Forgent: **Forgent made decent progress towards the end of the week. The initial target is around **0.013p**; a break above it could put **0.021p** in reach by the end of next month. Ideally, the shares now stay above the 50-day moving average at roughly **0.01p**.*\n\n- ***Incanthera: **Incanthera’s skin product makes it an interesting company to follow, but the immediate chart question is whether the share price can start to move. A break through the recent resistance line around **2.75p** would point towards **5p**, potentially by the end of next month or sooner.*\n\n- ***Meridian: **Meridian sits within a wide rising trend channel and is approaching a golden cross. Together, those features suggest a possible move as high as **180p** by the end of the year, rather than necessarily by the end of next month. The bullish case looks better while the shares stay above recently broken resistance around **110p**.*\n\n- ***RC 365: **RC 365 has already delivered on earlier chart targets around **3.8p** and **5.5p**. The bigger-picture target is now as high as **9p**, perhaps by the end of next month, provided the shares remain above the latest resistance area around** 5p**. That target may feel distant, and a fundraiser remains a possibility. On the technical picture alone, however, the move remains in play while that 5p area holds. Across these markets, the distinction is between a promising chart and a confirmed move. For the indices, the channel floors are doing the immediate work. For shares that have already surged, holding former resistance may matter just as much as reaching the next target.*\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 to 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."}