On Wednesday, Midas trend aimlessly and closed at $0.65 with LOW volume of 3.12 million shares traded.
A black candles stick with short lower shadow affirms that investors have began to take profit ahead of the critical resistance.
Both RSI & MACD are turning neutral as RSI trend sideways.
Important Resistance of Midas: $0.665
Immediate Support of Midas: $0.60
Currently prices are supported by 20 days MA.
It seems that prices are having issues in breaking the critical resistance at $0.665
The resistance at $0.665 is expected to be very strong.
We would advise not to buy near the $0.665 resistance, instead wait for breakout of $0.665 would be a better idea as the rally has already lost its momentum.
On Wednesday, Noble broke the resistance at $1.95 and closed at $1.96 with LOW volume of 14.93 million shares ...
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