GATC has that Friday feeling Closed 6p above its 200 EMA and broke resistance which started on 19th May Note: Slight divergence on MACD and RSI
A very strong candle on the weekly chart after Northern Bear broke out from its 59p resistance, which held for 3 years.
Although it still made a new high at 5.9 the price was sold down as the trading day progressed. Not as conclusive as first thought.
NIBT has been ranging since June 2014, and today it has broken out from the 60p resistance, which was tested 4 times during that period. So a very bullish day today and prospects for more gains are high.
VLX: Could see a reversal here on good results. It's going in the right direction but the company needs to keep reporting progress. Price must exceed 49p before the reversal is confirmed.
KMK hit a recent high of 34p and has sold off since March. Support was 26p and now it should move higher. Even on today's move, it still hasn't broken it's pattern just yet, although the next few days will determine what happens. Alternatively it will range in the absence of any clear market direction.