Shares & Derivatives
Stock Chart: Midas, SPH!
By Dou  •  May 25, 2011

On Wednesday, Midas re-test the support at $0.665 and closed at $0.67 with LOW volume of 3.03 million shares traded.

A black candle sticks with no upper/lower shadow affirms that investors have no hesitant in selling down the stock.

Both RSI & MACD are flat as MACD lines converge together.

Important Resistance of Midas: $0.73

Immediate Support of Midas: $0.665

Currently prices are well below 20/50/100/200 days MA.

Prices have been falling since 11 April and force the prices to re-test the critical support at $0.665.

This support at $0.665 is expected to be very strong since it managed to trigger a rebound in March.

In fact, prices remain supported at the $0.67/$0.665 support level for the past few days.

If interested in Midas fundamental, it is actually a good entry price now at $0.67/$0.665.

On Wednesday, SPH continue ...

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By Dou
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