On Friday, Midas trend along the support at $0.665 and closed at $0.675 with LOW volume of 5.62 million shares traded.
A white candles stick with short lower shadow affirms that investors take profit on the rally.
Both RSI & MACD are turning neutral as RSI trend sideways.
Important Resistance of Midas: $0.73
Immediate Support of Midas: $0.665
Currently prices are supported by 50 days MA at $0.665
On 4/July, prices broke the resistance at $0.665 with high volume and this affirms to the bullishness of the investors.
Although prices have pullback to the support of $0.665 but it is expected to be very strong.
Do consider to buy at this support if interested but do note that Midas is bearish on the long term trend.
On Friday, Wilmar re-test the resistance at $5.58 and closed at $5.57 with REGULAR ...
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