Wednesday, December 23, 2015

Midas: Touched our first TARGET at 0.300 today..... will this be taken out?

Volume still good as it rises to attempt a further breakout, let’s see….. now 0.295

Sent: Tuesday, December 22, 2015 3:24 PM
Subject: ************** Midas: Potential rebound play.... price 0.285
Midas has been consolidating below the 0.28 support turned resistance for more than a week and we are beginning to see some actions today with volume also increasing. It may attempt to break above the 0.300 psychological resistance which can see it recover back to 0.35. Stochastic indicators has just reversed upwards with MACD also suggesting a bullish crossover soon. Long positions can be held to ride any rebound back up with clearing of the 0.300 – 0.305 resistance where huge sellers are stacked currently. In watch list with alerts set.

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