Over the last year, the daily chart of San Leon Energy (SLE) has had a rather nasty habit of losing a couple of pence every quarter. This will obviously not have gone down very well with the fan club of this stock.
To say that the share price of BlinkX (BLNX) has been on something of a roller coaster ride is British understatement at its best. What has happened here is also a timely reminder that penny stocks can often turn on a dime. Hysteria prompted by a certain infamous blogger regarding the company, caused the stock to plunge to plunge to 85p - effectively halving the market cap overnight.
While smaller examples of the mining sector, and especially gold stocks, have been flying around all over the place of late (as if to make life as uncomfortable as possible for the hot money trying to call the floor in this asset class), Rio Tinto (RIO) has been more sedate than most.
For a company that was supposed to be heading for oblivion less than a year ago, shares of Quindell Portfolio (QPP) have performed rather well since then. In fact, the AIM outsourcing group has confounded the doomsters in a rather embarrassing way.
Avanti Communications (AVN), the satellite group, probably has the distinction of being a company whose fundamental profile is almost as unfathomable as is its technical. I say, despite last year’s “predictable” bull flag breakdown, which heralded a halving of the share price.
Empyrean Energy (EME) shares have, in theory, done all that is required in the near-term to prove themselves as being one of the small cap heroes over the first half of 2014.
Even a casual glance at the daily chart of San Leon (SLE), over the past year, will tell you that it has not been a happy time for the bulls. Since January 2013, we have seen the share price almost exactly halve. Looking even further back and the story become even more of a tragedy.
As far as technical analysis of Gulf Keystone (GKP) is concerned, taking a view on the chart is equivalent to gazing on the north face of the Eiger. Is there any hope of regaining that summit?!
Leni Gas & Oil (LGO) has traditionally been something of a tough cookie for technical analysts to bite into. Penny stocks are usually problematic, but good old Leni can be particularly problematic. This is not only due to liquidity issues, but also because of the volatility that stems from most companies in the resources space.
Plexus Holdings (POS) is a stock which appeared to be one of the great charting hopes of 2013 for the bulls. Alas, so far it has proved to be one of the more frustrating plays among AIM stocks. Given the technical set up, this is very hard to understand.
