On Tuesday, Midas trend directionless and closed at $0.38 with LOW volume of 5.28 million shares traded.

The flat candle stick with short upper/lower shadow similar to “Doji” affirms the hesitant of the investors as prices trend aimlessly.

Both RSI & MACD are flat as MACD lines converges together.

Important Resistance of Midas: $0.48

Immediate Support of Midas: $0.38

Currently prices are resisted by 20 days MA.

Since 5/Aug, prices have been consolidating along the key resistance at $0.48 and key support at $0.38

The support at $0.38 is expected to be strong and no signs of selling has been spotted yet.

Before consider buying at $0.38 support, do note that Midas is a extremely bearish stock which has been falling since Jan 2011.

On Tuesday, Genting SP re-test the support at $1.63 and closed at $1.63 with LOW volume ...