Traders Cafe with Zak Mir: Bulletin Board Heroes, Monday 13th October 2025

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,  Altyn, Empire Metals (Lassonde Curve), Eco Buildings, Great Western, Helium One, hVIVO, KEFI, Mkango, Tiger, Zinnwald.

In this update, I take a charting look across the major indices, crypto, gold and a selection of small-cap names I follow on the Bulletin Board. Below you’ll find the levels I’m watching, the likely support and resistance scenarios, and where I’d expect the following moves to come from.

As always, do your own research and treat these as chart-based observations rather than hard recommendations.

How I’m reading the charts

Quick reminder on the tools I use most: the 50-day moving average as near-term dynamic support/resistance, the 200-day as a longer-term trend reference, price channels to define likely targets, and RSI to check momentum. If price holds above a key moving average or channel floor it often suggests the uptrend can continue; a failure can open the way to the next support band.

Major indices

FTSE 100

The Footsie surprised by finishing slightly up today. We saw a bounce near the retracement area I’d been watching — the low printed at 9,427, just a touch above the 9,420 level. That keeps the immediate downside guard in place; a break below 9,420 would expose the 9,350 area (the old August–September resistance zone) as the next support.

Recent peak: 9,577
Immediate support: 9,420 (low 9,427 today)
Secondary support: 9,350
Upside target (top of channel): ~9,600
RSI: ~59 — comfortably above neutral

DAX

The DAX didn’t even fill the month-beginning gap — it bounced above that gap area (around 24,700), which is a bullish sign. The 50-day moving average sits just under 24,000 and as long as price remains above it I’m looking toward the channel top near 26,000 — a target that could be reached by the end of next month.

Gap area defended: ~24,700
50-day MA: just under 24,000
Upside target: ~26,000 (by end of next month)

Dow

The Dow is at a fork. The 50-day line (around 45,400) looks set to be the support zone; if we hold it then a push toward 48,000 by the end of next month is plausible. If price can reclaim the old September support (~45,600) that’s another bullish confirmation. The negative is that RSI has slipped to ~39, which leaves room for another leg down — possibly toward the old July resistance near 45,000 — if the 50-day fails.

50-day MA: ~45,400
September resistance to reclaim: ~45,600
Possible downside if 50-day fails: ~45,000
Upside target: ~48,000 (by end of next month)
RSI: ~39 — a momentum warning

Cryptocurrencies

Bitcoin

Despite a lot of negative headlines around some recent rug pulls, Bitcoin’s price action looks resilient. We saw a triple bounce around the 109 area and a move back above the rising 50k line (the 50-period line on the chart I showed is tracking up at roughly 114,300). The immediate technical objective is a break of the old resistance at 118 — after that, a run to retest the highs looks likely. For now, dips toward the channel floor around the 110 area look buyable on the charts.

Channel floor: ~110
Rising 50-line (chart): ~114,300
Key resistance to break: 118

Ethereum

Ethereum has bounced better than I expected and has recovered above the old 3,850 support. The floor of the channel sits around 3,940–4,000; the 50-day moving average is near 4,354 and acts as the next resistance. If that clears, I’d expect a move back toward recent peaks around 4,750 over the next week or so.

Support reclaimed: 3,850
Channel floor: ~3,940–4,000
50-day MA (resistance): ~4,354
Near-term target: ~4,750

Gold

Gold is enjoying a strong run and looks like it’s on a victory lap. The projection from the October last-year channel points to around 4,165 as a near-term target for the end of this month, with the price remaining constructive as long as it stays above the previous channel target near 3,910.

Support (channel target): ~3,910
Upside projection: ~4,165 (by end of this month)

Small Caps

Here are the chart setups I’m following on the small-cap side — pick your risk and position sizes carefully; many of these are volatile stocks where funding risk or newsflow can change the picture fast.

Alton

Structure: Rising trend channel
Support zone: £9.10
Upside target: £11.70 (by end of next month)

Empire Metals

There’s a bit of a conundrum here between those who expect a Lassonde‑type peak and subsequent retracement and those who think the uptrend will continue. Chart-wise the shares have broken the resistance from last month at 53p. As long as the 50-day line at 47p holds, the uptrend remains intact with scope toward the low 60s (61–62p). The sceptical view points to the previous Land peak at 80p as a reason to expect a retracement — so manage risk accordingly.

Breakout level: 53p
50-day MA (support): 47p
Next resistance: 61–62p
Macro caution: historical peak 80p

Eco Buildings

Nice improvement here — the shares have cleared the falling channel and pushed through the 200-day moving average, with a 50+ RSI rebound and a rising 50-day line. A break above the top of the old channel (5.6–6p) could open a move toward 9p by the end of next month. I’d note the usual caution: small construction/green names are often susceptible to fundraisings as the share price moves up.

Top of broken channel: 5.6–6p
200-day cleared
Upside target: 9p (by end of next month)

Great Western Mining

Rising trend channel
Support: 1.3p
Upside to top of channel/200-day: 1.8p (by end of next month)

Helium One

No material new supply news from Tanzania yet, but technically the chart looks better: the stock has broken the 50-day line (at 0.42) for the first time since July and appears to be in a rising channel. A move toward 0.65p is the channel target while the bias stays above 0.43p on an end-of-day close basis.

50-day breakout: 0.42
Support to hold: 0.43p (EOD close basis)
Channel top target: 0/65p

hVIVO

I haven’t looked at this one for ages; the chart is still messy but there are the first signs of life. If it can hold above September support (7.4–7.5p) then a retest of the channel top around 9.22p by the end of this month is possible.

September support: 7.4–7.5p
Upside target: 9.22p (by end of this month)

KEFI

This situation has been enough to silence some sceptics recently — a couple of days’ pullback was blown away by a RNS and the chart looks constructive. On the levels I’m watching, staying above recent support near 1.2p (ideally above 1.3p) keeps the path open toward about 1.7–1.8p by the end of this month, assuming funding/signature news comes through as expected.

Recent support: 1.2p (keep above 1.3p ideally)
Target: 1.7–1.8p (by end of this month)
Note: funding and RNS developments are important

Mkango

Mkango gapped up again after the weekend. The gap floor sits at 59p — as long as price stays above that gap floor the chart looks for another push, with a target near 70p by the end of this month.

Gap floor: 59p
Upside target: 70p (by end of this month)

Tiger Royalties

There was an update today that’s a touch technical, and I suspect a lot of people nod and pretend to understand. Chart-wise the share broke a resistance line around 86p and has held that area. The 200-day line sits near 1.36 — that’s my best-case technical target for the end of next month, if the rally continues and the staking/jargon proves fruitful.

Breakout/resistance held: 0.86p
200-day MA target: 1.36 (by end of next month)

Zinnwald

One of the more encouraging setups: a clear break above the 200-day line, a gap up off the lows (gap remains unfilled), and strong bullish candles for several sessions — open-to-low, close-to-high style. The 50-day line is rising and hasn’t been needed for support because price went straight through it earlier in the month. I’m looking to the top of the channel around 8p — possibly sooner than the end of the month.

200-day breakout confirmed
Unfilled upside gap from the lows
50-day rising and not yet tested
Upside target: 8p (possibly before month-end)

Summary and approach

Overall the larger indices are holding key support levels, with upside targets into November for many of them if the 50-day/important support levels hold. Bitcoin and Ethereum both show buyable dips inside their channels. On the smaller cap side I’ve highlighted a mix of recoveries, breakouts and areas where funding/newsflow remains the swing factor — so keep position sizes sensible and use the support levels above as clear invalidation points.

“”If we remain above the key levels, the targets I’m quoting are the natural next stops — if we don’t, expect a retest of lower support.” — Zak Mir”

More updates tomorrow — I’ll keep scanning the charts and flagging any developments. If there’s a name you want me to look at in detail, tell me which chart and I’ll give it a proper look.

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.