On Wednesday, Midas re-tests the support at $0.52 and closed at $0.52 with LOW volume of 6.48 million shares traded.
Both RSI & MACD are bearish as RSI trend downwards.
Important Resistance of Midas: $0.545
Immediate Support of Midas: $0.52
Currently prices are well above the 20/50/100/200 days MA.
Since 01/July, Midas has been trending upwards forming a higher high and higher low. This is a bullish signal.
The resistance at $0.545 is expected to be strong.
Do not suggest buying this stock as RSI near oversold region. On fact, prepare to sell once $0.52 support breached with high volume.
Stock Chart: Midas! is contributed by : Singapore Stock Information Exchange
