Forum Favourites - The Charting Angle On Today's Most Talked About Stocks

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1. Blinx(BLNX): This is a top notch saucer bottom / cup & handle type reversal for Blinx, with the added bonus being the likely end of day close today back above the 200 day moving average at 56p. A retest of the former March resistance at 90p plus over the next 3-6 weeks would not be overly optimistic.

2. Gulf Keystone (GKP): There really are some cracking second liners and minnows around at the moment, although it would appear that Gulf Keystone has been in the front line for months in terms of speculation. The current charting position is that after so much resistance in the 230p – 250p zone, one would wish to see a weekly close through this zone before assuming the big move to retest the top of a March gap at 337p.

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3. Minoan (MIN): Apparently Minoan is, or at least was a favourite of tipster legend Tom Winnifrith, with the charting good news being delivered by the likely end of day close today above former August 10p resistance. While it may be veering towards the ultra bullish side, the way that both 50 and 200 day moving averages are now both rising suggests that we shall see a retest of April resistance through 16p as soon as the end of last month.

4. Xcite Energy (XEL): The July bear trap after an extended base below 80p was more than enough to get Xcite back on track as a recovery play. However, what we wish to see over the next few sessions is whether fresh support can build at and above the former 115p May peak to give us the 1-2 month target of 150p plus we would like to see.

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