On Thursday, Midas broke the resistance at $0.45 and closed at $0.455 with HIGH volume of 22.05 million shares traded.

Both RSI & MACD are bullish though RSI in overbought region.

Important Resistance of Midas: $0.475

Immediate Support of Midas: $0.45

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

For the past 2 trading sessions, prices have rally under strong buying pressure though the long upper/lower shadow indicates signs of profit taking

The resistance at $0.475 is expected to be strong.

Too late to buy now as RSI already in overbought region and long shadow signal profit taking. Sell would be a better option as any upside are limited.

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