Zak Mir's AIM Stocks Charting: HLO, UEN, PRM

PUBLISHED: 17 Nov 2012 @ 00:54 | Comments (0) |

Here are the latest extracts from Zak’s new premium blog AIM Stocks Charting

It stars the likes of Petrel Resources (LSE:PET), Leni Gas & Oil (LSE:LGO) / Gulf Keystone (LSE:GKP) – day in / day out.

Healthcare Locums (LSE:HLO): Above 2p Targets 4p

Healthcare Locums shares have since August delivered multiple bear traps between the 1.5p and 2p levels on the daily chart. The implication now with the gap higher towards the 200 day moving average of 2.45p suggests that we are seeing a trend change found that at least while there is no end of day close back below 2p the former October resistance zone, there should be progress towards the top of a mildly descending February price channel as high as 4p over the next 2 to 3 months.

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Urals Energy (LSE:UEN): Extended Sub 5p Support Targets As High As 12p

Shares of Urals Energy have been building an extended base at an below the 5p level since the end of June. The current position is that while there is no end of day close back below the uptrend line from September 2011 and 5.5p we would be looking for further positive consolidation. indeed, the upside it could be as high as the top of a wide rising trend channel from the middle of last year heading as high as 12p on a 3 to 4-month time frame.

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Proteome Sciences (LSE:PRM): One Year Rising Trend Channel

Proteome Sciences shares have been a wide rising trend channel since this time last year, the floor the channel currently running through 33p and level with the present position of the 200 day moving average. Implication is that while there is no end of day close back below the 2011/200 day moving average line, we can expect to see further progress made towards the top of this charting feature as high as 50p on a 2-3 months timeframe. Helping the buy argument at the moment is the way that October November support has been at and above former July resistance at 36p. This implies great underlying strength in terms of the price momentum and a likely breakout towards 50p in a matter of days rather than weeks..

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