On Thursday, Midas re-tests the support at $0.92 and closed at $0.92 with LOW volume of 3.5 million shares traded.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
Both RSI & MACD are bearish as RSI trend downwards
Important Resistance of Midas: $0.945
Immediate Support of Midas: $0.92
Currently prices are well below 20/50/100/200 days MA.
Midas has been trending sideway since Oct 2010 with the key resistance at $1.01 and key support at $0.92
Today prices have pullback right to the critical support of $0.92 and no selling pressure can be spotted so far.
If interested in Midas, $0.92 could be a good entry point but do plan for cut loss if this support is breached with high volume.