Chart-watchers flag Kistos as one of the standout small-cap movers of the year, having gapped higher in December and never looked back.
Kistos Holdings (AIM: KIST) has emerged as one of the standout charts of the year in London's small-cap market, according to the latest weekly review from veteran commentator Zak Mir, after the gas producer gapped through its rising 200-day moving average near 180p back in December and has since climbed to around 300p.
The stock has remained above its 200-day moving average, now at roughly 247p, throughout the entire run, a technical pattern that chart-focused traders regard as a strong signal of underlying momentum rather than a fleeting spike.
The move puts Kistos among a clutch of small caps singled out this week for having been identified early through technical analysis rather than fundamental research, a trend the column argues is becoming more pronounced as investors increasingly follow individual traders with public track records rather than traditional financial media.
Other names cited in the same round-up as having turned from bear to bull markets on classic consolidation patterns include Tungsten West (TUN) and Strategic Minerals (SML), both of which based above rising 50-day moving averages last autumn, East Star (EST), which reversed in November on a similar setup, and Thruvison (THRU), which broke resistance at 1p last month and has not looked back since. GCM Resources (GCM) and Kendrick (KEN) were also flagged among the year's biggest winners.
No new operational or financial disclosures accompanied the commentary, meaning the Kistos move should be read as a technical observation from a market column rather than a reaction to results or newsflow; investors will be watching whether the 247p 200-day average continues to act as support, and whether any fresh corporate updates from the company reinforce the chart-based bull case.
This report is based on Kistos Holdings’s announcement and coverage by Share Talk. Company announcements can be tracked via London Stock Exchange RNS and Investegate, and the full results calendar is worth watching for the next update.
This article is for general information only and does not constitute investment advice or a recommendation to buy or sell any security. Photo: Maxim Hopman on Unsplash.
Small Cap News covers London’s junior market – AIM, small-cap and growth companies – with concise, sourced reporting on the results, deals and regulatory news that move share prices. We track the stories private investors actually need, from contract wins and drilling updates to fundraises and half-year figures, straight from the market’s own announcements.