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Stock Chart: Midas!
By Dou  •  July 2, 2013

Midas

 

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

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By Dou
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