On Wednesday, Midas trend directionless and closed at $0.40 with HIGH volume of 35.12 million shares traded.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

Both RSI & MACD are flat as RSI trend sideway.

Important Resistance of Midas: $0.43

Immediate Support of Midas: $0.38

Currently prices are supported by 50 days MA.

Midas is a bearish stock as prices have been trending downwards forming a lower high and lower low since Jan 2011.

Today Midas went through a volatile session as bulls attempted to push it higher but failed.

The support at $0.38 is expected to be strong.

If interested, do consider $0.38 support for long though it is good only for “fast in fast out”

On Wednesday, Yanlord trend upwards and closed ...