On Monday, Midas re-test the support at $0.435 and closed at $0.445 with HIGH volume of 10.82 million shares traded.
Both RSI & MACD are bullish as RSI trend upwards.
Important Resistance of Midas: $0.45
Immediate Support of Midas: $0.435
Currently prices are well below the 20/50/100/200 days MA.
Since 25/June, Midas has been consolidating between the support at $0.435 and resistance at $0.45. This affirms that the selling pressure has eased.
The support at $0.435 is expected to be strong.
Do not suggest buying this stock due to its long term bearishness. However if interested in Midas, do consider buying if prices pullback to $0.435.
Stock Chart: Midas! is contributed by : Singapore Stock Information Exchange