On Thursday, Midas re-tests the support at $0.375 and closed at $0.375 with HIGH volume of 18.97 million shares traded.

Both RSI & MACD are bearish though RSI at oversold region.

Important Resistance of Midas: $0.405

Immediate Support of Midas: $0.375

Currently prices are resisted by 50 days MA at $0.405

Today prices have undergo heavy selling pressure as prices breached the support at $0.405 with high volume. This is a bearish signal.

The support at $0.375 is expected to be strong.

We would not suggest to buy now as the selling pressure is heavy currently. In fact, we expect the selling pressure to continue tomorrow.

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