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Stock Chart: Midas!
By Dou  •  June 27, 2012

On Wednesday, Midas re-tests the support at $0.275 and closed at $0.28 with LOW volume of 22.42 million shares traded.

During the past 10 bars, there have been 1 white candles and 4 black candles for a net of 3 black candles.  During the past 50 bars, there have been 11 white candles and 20 black candles for a net of 9 black candles.

Both RSI & MACD are flat as RSI trend sideways.

Important Resistance of Midas: $0.295

Immediate Support of Midas: $0.275

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

For the past 18 trading sessions, prices have been consolidation between the key support at $0.275 and key resistance at $0.295.

The support at $0.295 is expected to be strong.

Today prices have re-test the support at $0.295 with high volume. We would like to signal traders ...

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By Dou
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