On Tuesday, Midas re-test the resistance at $0.43 and closed at $0.41 with LOW volume of 20.26 million shares traded.

A black candle sticks with little upper/lower shadow affirms that there are no hesitant in selling the stock down from the investors.

Both RSI & MACD are turning flat as MACD lines began to converse together.

Important Resistance of Midas: $0.43

Immediate Support of Midas: $0.38

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

For the past week, Midas has been falling with high volume but rebound on very weak volume. This affirms that the interest from the investors to buy on recent dip is very weak.

The resistance at $0.43 would be the first level to break though it is expect to be relatively weak.

Watch for the support at $0.38 if interested. However we do not encourage to long this stock ...