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Stock Chart: Midas!
By Dou  •  July 9, 2012

On Monday, Midas re-tests the resistance at $0.335 and closed at $0.32 with HIGH volume of 26.35 million shares traded.

During the past 10 bars, there have been 4 white candles and 3 black candles for a net of 1 white candle.  During the past 50 bars, there have been 14 white candles and 19 black candles for a net of 5 black candles.

Both RSI & MACD are bearish as RSI trend downward.

Important Resistance of Midas: $0.335

Immediate Support of Midas: $0.31

Currently prices are resisted by 100 days MA at $0.335.

On 6/July, prices have broken the critical resistance $0.31 with high buying pressure and this is a bullish trend. However investors have began to take profit off this stock today.

The support at $0.31 is expected to be strong.

Too late to buy on the overbought market. ...

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By Dou
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