Shares & Derivatives
Stock Chart: Midas, Capitaland!
By Dou  •  June 10, 2011

On Thursday, Midas re-test the support at $0.635 and closed at $0.64 with HIGH volume of 4.19 million shares traded.

A flat candle sticks with short upper/lower shadow affirms to indecisive from investors as bargain hunters come in.

Both RSI & MACD are bearish though RSI in oversold region.

Important Resistance of Midas: $0.665

Immediate Support of Midas: $0.635

Currently prices are resisted by 20 days MA at $0.665.

Today bears have attempted to pull the prices under the $0.635 support with high volume but failed.

The $0.635 support is expected to be strong and likely to trigger heavy selling if broken.

Watch for any consolidation at this support if interested since any rebound is likely to happen soon.

On Thursday, Capitaland re-test the support at $3 and closed at $3 with LOW volume of 3.41 million shares traded.

A black ...

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By Dou
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