Highlighting a FTSE AIM smallcap stock on the London Stock Exchange that is set to perform well over the coming weeks.

This is an update to the first post in this series in which i am focusing on AIM shares that i believe could be ready to rise in the coming trading sessions.

The stock is selected based on recent price history and using various technical indicators such as:

• a recent new 9 day high
• an increase in volume
• positive Ichimoku based indicators
• positive 'classic' technical indicators

Today's Stock update: Cap-XX Limited (LON:CPX)

Cap-XX Limited are a electronic capacitor manufacturing company engaged in the development, manufacture and sale of supercapacitors. They are engaged in the development, manufacture and sale of supercapacitors. The Company's prismatic supercapacitors are used in commercial and industrial electronics, such as handheld computers, point of sale terminals, telemetry units and location tracking equipment; consumer handheld devices, such as digital cameras, tablet computers and mobile phones, and clean energy applications, such as energy harvesting and micro-hybrid vehicles. source

Recent price history

Two new 9 day highs has pushed the share into very bullish territory.

Ichimoku indicators

On the Ichimoku chart, the Kumo (cloud) breakout is clear with 'blue sky' territory ahead.

Classic indicators

A Golden Cross is imminent, the 50 day moving average (blue) is about to cross the 200 day average (red) and this is a very bullish indicator.

Barchart Opinion

Barchart use a host of technical indicators to evaluate the Stock and provide a Buy/Sell opinion. A 100% Buy or Sell shows the stock has enjoyed a great/horrible run. 88% BUY shows that the stock is now firmly on the Bulls radar. Evaluating the charts i think that the trend is currently upwards.

Summary

With yesterdays news stating that the UK is set to ban Petrol powered cars by 2040, CPX are in a great position with their technology. The price has recently responded and it is likely that this period is drawing to an end with new contracts in the pipeline and expected to be announced in the coming weeks.

Current Price: 10.125p
Target: Remains 13p
Stop: Upped from 7p to 8p

images courtesy of Barchart, Ichimokutrader, Livecharts, Interactive Investor, and Google

Feedback

Please let me know your opinions on this Stock: Are you a holder?, Do you agree/disagree with the analysis? Also, if you would like me to cover a particular stock on the London Stock Exchange, please let me know and i'll take a look.

Disclaimer: This isn't my job, i'm not a pro, but enjoy researching stocks and starring at charts and the above should not be considered as investment advice, just information for you, and piece of blockchain history for me.

Thanks for reading today!

Asher