On Friday, Midas re-tests the resistance at $0.835 and closed at $0.835 with HIGH volume of 13.28 million shares traded.

A long lower shadow occurred.  This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

Both RSI & MACD are bearish though RSI show signs of easing in selling pressure

Important Resistance of Midas: $0.835

Immediate Support of Midas: $0.815

Currently prices are well below 20/50/100/200 days MA.

On 16/Feb, prices broke the critical support at $0.925 with high volume and triggered heavy selling pressure.

However it seems that prices have found its support at $0.815 which has been holding on for the past few days.

We expect the support at $0.815/$0.79 to be strong thus do watch for consolidation at this level if interested.

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