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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