On Monday, Midas broke the support at $0.535 and closed at $0.53 with LOW volume of 4.16 million shares traded.
Both RSI & MACD are bullish though RSI in overbought region.
Important Resistance of Midas: $0.535
Immediate Support of Midas: $0.515
Currently prices are supported by 50 days MA.
On 27/Mar, Midas broke the critical resistance at $0.535 with high buying pressure. However prices failed to sustain above this level after few days.
The resistance at $0.535 is expected to be strong.
We do not suggest buying Midas as the market is already overbought and Midas has clearly lost its strength to go higher.
Stock Chart: Midas! is contributed by : Singapore Stock Information Exchange
