As we now all know, the China government is currently restructuring its Ministries, one of which is railways. This piece of news got some punters excited about the direction of where Midas stock will head: north or south. Already, a well-known investment personality has recommended a buy on a holding basis for the stock as it is expected that more orders will come for Midas. Similarly, Maybank has a buy call for Midas stock today.
If we are to see Midas stock price today, the stock closed 1% higher at $0.49 though the highest intra-day price was at $0.51. According to RSI, this stock was oversold while the blue MACD line is now trending below the red signal line. At oversold level, Midas stock makes for an attractive entry level now, though it is still not easy to predict whether the MACD line will trend up above the ......
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