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 ...
...