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Stock Chart: Midas!
By Dou  •  May 8, 2013

Midas

 

On Wednesday, Midas trend upwards and closed at $0.51 with HIGH volume of 8.26 million shares traded.

Both RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Midas: $0.515

Immediate Support of Midas: $0.485

Currently prices are supported by 20/100 days MA.

Since 18/April, Midas have been consolidating along the key support at $0.49/0.485. This affirms that the selling pressure has eased.

The support at $0.485 is expected to be strong.

If interested in Midas, do consider buying at the support of $0.49/$0.485 and cut loss once this support breached with high selling pressure

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