On Monday, Midas re-test the support at $0.49 and closed at $0.49 with LOW volume of 6.18 million shares traded.
Both RSI & MACD are flat as RSI trend sideways.
Important Resistance of Midas: $0.52
Immediate Support of Midas: $0.49
Currently prices are resisted by 50 days MA at $0.49.
Since Jul/2012, Midas has been well supported at the 200 days MA. In fact, prices have re-bound against this support on 14/May.
The support at $0.46 (200 days MA) is expected to be strong.
If interested in Midas, do consider buying if prices pullback to $0.46 (200 days MA) level and cut loss once this support breached with high selling pressure
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