On Thursday, Midas re-tests the support at $0.375 and closed at $0.375 with HIGH volume of 18.97 million shares traded.
Both RSI & MACD are bearish though RSI at oversold region.
Important Resistance of Midas: $0.405
Immediate Support of Midas: $0.375
Currently prices are resisted by 50 days MA at $0.405
Today prices have undergo heavy selling pressure as prices breached the support at $0.405 with high volume. This is a bearish signal.
The support at $0.375 is expected to be strong.
We would not suggest to buy now as the selling pressure is heavy currently. In fact, we expect the selling pressure to continue tomorrow.
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