Shares & Derivatives
Stock Chart: Midas, Cosco!
By Dou  •  April 7, 2011

On Thursday, Midas breakout its resistance at $0.785 and closed at $0.805 with HIGH volume of 33.41 million shares traded.

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow).  This usually implies a continuation of a bullish trend.

Both RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Midas: $0.815

Immediate Support of Midas: $0.785

Currently prices are resisted by 50 days MA.

Today Midas has break out of the ascending triangle at $0.785 with high volume.

This is a very bullish signal and affirms to the reversal of the stocks.

The support at $0.785 is expected to be very strong, do consider that as a entry point if pullback.

Key resistance will be at $0.86 which is expected to be very strong as well.

On Thursday, Cosco ...

...
Read the full article
By Dou
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance