{"id":136264,"title":"Traders Cafe with Zak Mir: Bulletin Board Heroes, Weekend Edition, Sunday 31st May 2026","publisher":"Share Talk","author":"sharetalk","published":"2026-05-31T11:14:26+00:00","modified":"2026-05-31T11:14:26+00:00","canonical_url":"https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-weekend-edition-sunday-31st-may-2026/","markdown_url":"https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-weekend-edition-sunday-31st-may-2026.md","json_url":"https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-weekend-edition-sunday-31st-may-2026.json","category":"Bulletin Board Heroes","categories":["Bulletin Board Heroes"],"tags":["Bitcoin","CAP-XX","CellBxHealth","DAX","Dow","Easyjet","Ethereum","Exchange XR","FTSE 100","Gold","Great Western","H-Power","IG Design","LPA Group","Oracle Power","Solid State","Tapir","Vertu","WTI Crude Oil","Xtract","Zak Mir","Zinc Media"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/05/LONDON-20-MARCH-26-scaled-1.webp?fit=1200%2C650&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, WTI Crude Oil, Cellbxhealth, CAP-XX, EasyJet, Exchange XR, Great Western, H-Power, IG Design, LPA Group, Oracle Power, Solid State, Tapir, Vertu, Xtract, Zinc Media.**\n\nThe market backdrop remains slightly awkward. On paper, there are enough positive headlines around peace hopes and easing tension to justify a stronger risk-on move. In practice, quite a few major charts are still stuck at key technical levels, and several of them need one more proper push before the bullish case really opens up.\n\n###### **As always, do your own research and treat these as chart-based observations rather than hard recommendations.**\n\nThat leaves us in a familiar setup. Some indices still look constructive, crypto remains under pressure, gold has bounced exactly where you would expect it to, crude is weakening, and a number of small-cap stocks are flashing the sort of setups that tend to matter more than the headlines.\n\n## Major indices\n\n### FTSE 100\n\nThe FTSE 100 is still trapped in a relatively tight trading band. On the downside, the 50-day moving average around 10,346 is acting as support. On the upside, recent resistance in the 10,500 to 10,550 zone is capping progress.\n\nThe key point here is simple. The market still needs to clear that 10,500 area decisively. If it does, the chart opens up towards the top of the rising channel, which currently points to roughly 10,850 by the end of next month.\n\nOn the bearish side, any sudden rug-pull should, for now, be limited by the floor of the broader channel, which comes in around 10,020. The RSI is also just above neutral at 51, which is not spectacular, but it does keep the tone mildly positive rather than negative.\n\n### DAX\n\nThe DAX had a gap higher recently, but the follow-through faded a bit. Even so, the chart is holding above the broken resistance line from January, and that keeps the structure constructive.\n\nThe important levels are:\n\n- **24,900** as the floor of the recent gap\n\n- **25,000** as a key pivot area\n\n- **24,600** as the likely worst-case pullback level near the channel floor\n\nOne thing worth watching closely is the approach of a golden cross between the 50-day and 200-day moving averages. That looks to be about one to two weeks away. Technically, that is often associated with one of the stronger parts of a bullish cycle, so the DAX may still have another sharp move in it. The upside target remains around 26,200 by the end of June.\n\n### Dow\n\nThe Dow continues to hold above the crucial 50,000 area, and that is the main takeaway. As long as that level holds, dips are likely to be treated as buying opportunities rather than the start of something more sinister.\n\nThe chart has also broken out of a small bull flag above old resistance around 50,300. That points towards a relatively direct move to the resistance line from November, which comes in around 52,800. Stretch that slightly and 53,000 by the end of next month is not out of the question.\n\nSo the working assumption here is bullish above 50,000, with near-term momentum favouring higher levels.\n\n## Crypto still struggling\n\n### Bitcoin\n\nCrypto remains the weak spot, and Bitcoin is still behaving like a market in a bear phase rather than a healthy uptrend. The brief move back towards the 200-day moving average ended quickly, and that rejection matters.\n\nThe market had already produced what looks like a bull trap after the October peak, and the failure to build on the recovery only reinforces that idea. The 125,000 area now feels a long way off.\n\nFor the moment, Bitcoin is below the 50-day moving average, which sits around 77,000. That leaves the door open for a move towards the floor of the rising channel from February, around 70,500.\n\nThe key warning sign is continued weakness below the initial May support at 74,000. The longer Bitcoin stays under that level, the greater the risk of a move down to 70,000, which would be an unwelcome development for bulls.\n\n### Ethereum\n\nEthereum is hovering just below the floor of its channel, near the 2,080 to 2,100 area. If that weakness persists, the next support zone looks to be between 1,900 and 2,000.\n\nThere are at least a couple of encouraging signs. First, price has managed to hold above 2,000, which matters psychologically. Second, the RSI has bounced twice from oversold territory near 30, suggesting the market may be trying to stabilise.\n\nThat said, both the 50-day and 200-day moving averages are falling, and that is classic bear market territory. If Ethereum does manage a rally, the 50-day line around 2,242 looks like the most realistic upside cap for now.\n\n## Commodities\n\n### Gold\n\nGold gave exactly the sort of rebound technicians look for off the 200-day moving average, but it was over almost before it began. Anyone who had a resting order near the 4,400 area had a chance; anyone waiting for the market to settle probably found the move too quick.\n\nAfter that bounce, gold rallied back towards the old October support line and the 50-day moving average near 4,630. That is now the obvious upside reference point.\n\nWhile price remains above the 200-day moving average at 4,401, the minimum expectation is for support to continue holding and for the 50-day line to remain the upside target. A retest of the 200-day level cannot be ruled out, though. Gold often likes to keep traders honest.\n\n### WTI Crude Oil\n\nCrude has weakened noticeably. The chart has broken below initial May support around $89, and that shifts the focus towards $80, which lines up with April support.\n\nThe gap down has been respected, the 50-day moving average is falling, and that 50-day line near $97 now looks like the upper limit of any recovery attempt. After a fairly extended bull run, the appearance of lower highs and lower lows suggests momentum has turned.\n\nIf peace expectations continue to build into the macro picture, that only adds to the argument for softer oil prices rather than a renewed spike.\n\n## Stock chart ideas\n\nThere were quite a few names worth covering this week. Some are obvious momentum stories, others are the sort of setups that only become fashionable after the move is already underway.\n\n**Cellbxhealth: **Has broken through the 200-day moving average at **1.91p,** which was the initial target. Friday’s move pushed on to **2.7p**, but the broader target still looks to be around **3.75p** by the end of next month, provided the shares stay above the 200-day line. The AstraZeneca mention in the company news has clearly helped sentiment, and technically the chart has improved sharply.\n\n**CAP-XX: **CAP-XX is showing one of the cleaner bullish setups around. There is support from a rising 50-day moving average, repeated bounces with RSI holding above 50, and a small bull flag breakout. The most important feature, though, is the market’s ability to rise while repeatedly respecting the upward-sloping 50-day line. That often precedes a much bigger move. On that basis, the target is around **0.37p** by the end of next month, with the setup valid while the price remains above the 50-day line at **0.22p**.\n\n**EasyJet: **EasyJet has taken on a much more interesting look after the gap higher earlier in the week. By Friday, the shares had rallied into the close towards the January resistance line near **425p**. If that level breaks, the minimum objective becomes the 200-day moving average at **449p**. There is, of course, a corporate angle in the background as well, with private equity interest adding a possible takeover premium to the story. If that develops properly, the value on the table would likely sit well above the levels currently visible on the chart, potentially north of** £5. **From a pure technical point of view, the bullish case remains valid while the shares hold above the now rising 50-day moving average near **364p**. The technical buy signal really arrived once the shares consolidated above that rising line midweek.\n\n**ENGAGE XR Holdings: **Exchange XR is trying to break through its 50-day moving average after several attempts. There is also an uptrend line in the RSI window, which adds to the sense that pressure is building. Cautious traders may want to wait for an end-of-day close above the 50-day line or above the recent **0.25p** resistance area. If that happens, the path opens towards **0.4p** next month. To keep that view intact, the shares need to stay above recent support around **0.15p**.\n\n**Great Western: **Great Western has had an excellent run and is attracting plenty of attention. The latest bounce came just beneath the previous target around **4.1p**. If the stock gets through that zone, the next target becomes the resistance line projection from September, which points as high as **6.25p**. Strong stocks often attract more enthusiasm than caution, but from a charting perspective the move still has room if resistance gives way.\n\n**H-Power: **H-Power is moving steadily within an extended rising trend channel and has shown two clear bounces above its rising 50-day moving average. That is exactly the sort of price action you want to see in a healthy uptrend. The top of the channel points to around **21p** by the end of next month. Ideally, support around **15p** continues to hold.\n\n**IG Design: **IG Design has already reached the first major target at **84p.** With that achieved, attention turns to the upper parallel of the rising trend channel that has been in place since July, which points to around **101p**. For that bullish continuation to remain credible, the shares should stay above broken resistance at **79p.**\n\n**LPA Group: **LPA has also done the business, reaching the target at the top of its broadening triangle around **64p**. With that level hit, the next objective becomes the upper parallel of the pattern and the May 2024 resistance line, which points to roughly **87p** by the end of July. That longer-range target remains in play while the shares hold above **60p**.\n\n**Oracle Power: **Oracle Power is one of those names where traders are always wary of fundraising risk, but the chart itself is shaping up rather well. The shares are again testing resistance from January around current levels, the RSI has been building positively, and the 50-day moving average is rising with price holding above it. It is effectively a sideways consolidation in a stronger setup, and that can often lead to another spike similar to those seen in January and September. On that basis, the target is **0.10p** by the end of June.\n\n**Solid State: **Solid State is another stock that has quietly done better than expected. It has not only reached the top of the rising channel around **194p**, it has exceeded it by a decent margin. The next target now becomes the upper parallel of the broader rising trend channel from July, which points to **234p** by the end of next month, and possibly sooner if momentum remains strong.\n\n**Tapir Holdings: **Tapir does not offer much chart history, but what is there is encouraging. The candles are strong, and the share price has been advancing in a step pattern: sideways, then higher, then sideways again. Despite the limited data, the chart suggests the upper parallel of the developing rising channel could reach **60p** by the end of next month. Both the 50-day and 200-day moving averages are rising, putting the shares close to a golden cross configuration. The obvious line in the sand is the 50-day moving average at **35p.**\n\n**Vertu Motors: **Vertu Motors has produced a very clear breakout from a long-term rising trend channel that stretches back to 2021. The top of that channel now points to **95p**. For the bullish case to stay intact, the shares need to hold above the recent **66p** breakout area. One interesting feature here is that the golden cross appeared ahead of the move rather than lagging behind it, which is less common and often a useful early signal when it does occur.\n\n**Xtract: **Xtract has broken cleanly above the resistance line from March, which puts it in a constructive position. The rising trend channel from last July now targets **1.4p** by the end of next month. As long as the shares remain above the 50-day moving average at **0.93p**, the move looks technically sound.\n\n**Zinc Media: **Zinc Media has also improved significantly. Earlier in the month the shares gapped higher and managed to clear the 200-day moving average in one move without immediately retracing. That sort of first-time break can be a useful signal of genuine strength. The old target of **55p** looks achievable in the near term, and if momentum continues, the end-of-June target comes in at **63p**. The bullish scenario remains valid while the shares stay above recent resistance at** 48p**.\n\n## What matters most right now\n\nIf there is a common thread across the charts, it is this: the indices still lean bullish provided key support holds, commodities are diverging, crypto remains vulnerable, and a number of individual shares are offering stronger technical setups than the headline markets.\n\nThe levels to keep nearest the front of mind are:\n\n- **FTSE 100:** needs a break above 10,500 to unlock 10,850\n\n- **DAX:** still constructive above 24,900, targeting 26,200\n\n- **Dow:** bullish while above 50,000, targeting 52,800 to 53,000\n\n- **Bitcoin:** weak below 74,000, with risk towards 70,500 or 70,000\n\n- **Ethereum:** support around 2,000 remains critical\n\n- **Gold:** supported above the 200-day line, with 4,630 as the rebound target\n\n- **WTI crude:** breakdown points towards $80, with rallies capped near $97\n\nFor stock pickers, the most interesting opportunities remain the names holding above rising 50-day moving averages, especially where those moves are paired with RSI support, bull flags, or fresh breaks through old resistance. In this market, those setups still deserve respect.\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."}