On Tuesday, Midas re-tests the support at $0.485 and closed at $0.485 with LOW volume of 3.69 million shares traded.
Both RSI & MACD are bullish as RSI trend upwards.
Important Resistance of Midas: $0.505
Immediate Support of Midas: $0.485
Currently prices are supported by the 20/50/100/200 days MA at $0.485.
Today bears have tried to sell Midas below the support of $0.485 but failed due to low selling pressure.
The support at $0.485 is expected to be strong.
Do not suggest buying this stock as RSI near overbought region. In fact, prepare to sell once $0.485 support breached with high volume.
Stock Chart: Midas! is contributed by : Singapore Stock Information Exchange
