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, Amigo, Blue Star, Crism, Empyrean, Georgina, GCM, Landore, Switch Metals, Tungsten West, Tooru, United Oil & Gas.
Fresh chart notes and short-term targets for major indices, crypto, gold and a collection of smaller-cap UK stocks. These observations focus on key support and resistance, RSI behaviour and the trade triggers that matter right now.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Macro indices
FTSE 100
The FTSE has recovered from last week and is tracking inside a rising red trend channel that began in October. The market put in a hammer candle and RSI is holding around the 60 level rather than slipping back to 50. That’s constructive.
- Immediate support: 10,130 (floor of the rising channel).
- Key breakout level: 10,260 — an end-of-day close through here should open a run toward 10,600 by the end of next month.
- Downside guard: If 10,130 fails, look to the obvious zone near 10,000 as the next support.
DAX
The DAX is bouncing off a rising 50-day line and has shown two sessions of strength above that line. As long as the 50-day holds, the bias is higher.
- Near-term target: 25,000 early this month, with a gap-fill to around 25,200 by month end.
- Support to watch: 50-day line near the mid 24,000s (notional support around 24,300). If it breaks more materially, the 200-day sits just under 24,000.
Dow Jones
The Dow remains inside a rising trend channel that began late November. RSI is just above neutral, which is positive but delicate.
- Support zone: 50-day line around 48,200–48,600 — this is the lowest level expected on an end-of-day closed basis for now.
- Upside targets: first to 50,000, then a best-case to 52,000 (top of the December/late-November channel) by the end of next month.
Cryptocurrencies
Bitcoin
Bitcoin has taken a sharp hit and many corporate holdings acting as store-of-value have been slammed. The chart retested April support near the current low.
- Low so far: 74,500 — a near retest of April support.
- First positive signal: an end-of-day close back above 80,500 (the November low).
- Warning: 50 and 200 day lines are falling; if price slips below 74,000 the next real support is down in the upper 60,000s, which would be painful.
- RSI: had been oversold near sub-25 — a bounce is possible but not confirmation of a sustained reversal yet.
Ethereum
Ethereum’s chart is mirroring Bitcoin’s weakness. It has not yet revisited the June support but the structure looks precarious.
- Upside trigger: end-of-day close above 2,390 (July support turned resistance) would be the first positive step.
- Neckline risk: current neckline sits near 2,150–2,120. A break below here could expose a move toward 1,500 (last year’s support).
- Pattern note: chart resembles a significant head and shoulders with a falling 200-day line — cautious stance advised.
Gold
Gold has recently pulled back from a bounce and looks due for a re-entry zone around the 50-day line and the uptrend from October.
- Re-entry area: 50-day line at roughly 4,484 — this also lines up with the October uptrend line.
- Trade idea: place a limit order around that zone if you want to pick up longs kicked out during the pullback.
Selected small-cap charts and short-term trade ideas
Quick notes on individual names showing setups, breakouts and targets. These are short-term chart observations — watch end-of-day closes and RSI confirmations.
Amigo
- Currently flicking above the 3p zone on an end-of-day close basis.
- Near-term target up to 5.50p (best case), with 2p as the key short-term support.
Blue Star
- Broken resistance at 9.4p and the 50-day line at 10.25p.
- Target: fill the recent range up to 13.5p if momentum holds and RSI stays on its uptrend.
CRISM’ Therapeutics
- Sideways action under a falling 50-day line (10.5p) but has cleared the 200-day line.
- Key break: November resistance at 14–14.25p. If that flips, a gap fill to 21p is in play by the end of next month.
Empyrean Energy
- Has tended to be a one or two day wonder rally. Found support around old November resistance at 0.09.
- Best-case upside to 0.15–0.16 by month end, though that is an optimistic target.
Georgina Energy
- V-shaped bull flag in motion. Staying above broken resistance near 8p keeps the bull case intact.
- Targets: prior aim 10p, best-case up to 11.3p by month end.
GCM Resources
- Several false dawns, but trying again inside a rising range between 6–9p.
- If it holds above Friday’s resistance at 7p, a move to 10p is feasible by month end.
Landore Resources
- V-shaped rebound last week and a break above 2.8p.
- Gap-fill target to 3–3.6p by the end of the month.
Switch Metals
- Clinging to the top of a rising trend channel from April near 13.25p.
- If momentum carries through 13.50p, look to the upper parallel of the channel toward 17p.
Tungsten West
- Enjoying a mid-move consolidation. Achieved an old target around 20p.
- Next step: target 31p by the end of the month if the current structure holds.
Tooru
- Promised bounce off the range floor. Recent news flow looks decent with Tesco and ADA mentioned.
- Floor of the channel around 0.24. Above that, a move toward 0.33p is plausible into next month, though wait for an end-of-day close above the 50-day and RSI 50 to confirm strength.
United Oil & Gas
- Chasing a long-running recovery thesis. Both 50 and 200 day lines are rising and a June resistance line has been broken.
- Short-term channel top and target around 0.28p by the end of next month if momentum continues.
Putting it together
Markets show a cautiously constructive tone at the index level — FTSE, DAX and the Dow are all sitting in rising structures with clear near-term targets. Crypto remains the weak link, with Bitcoin and Ethereum testing critical supports and negative moving averages in place.
For stocks, the theme is breakout and gap-fill trades. Look for clean end-of-day closes through the levels listed, use RSI confirmation where noted, and treat failed breakouts as warning signs rather than immediate buy signals.
Quick checklist for trades
- Confirm with an end-of-day close through the breakout level.
- Watch RSI — a break above 50 is useful confirmation on bounces; sub-25 readings can be oversold but are not a buy signal on their own.
- Plan stops below the nearest structural support (channel floor, prior low or moving average).
- Manage sizes — small-cap volatility can be brutal; set realistic targets and don’t overleverage on optimism.
More chart updates will follow as price action evolves and new levels are tested.
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.
