Just yesterday, Midas staged an incredible reversal above the 0.125 level with buyers rushing in on news of huge contract wins….
Some quick targets were drawn with this price actions spotted, see what I mean below…
1st target at 0.160 has been hit quickly yesterday…
Some resistance at 0.160 were expected again but today, it seems like the resistance has gave way as well and buyers are out in full force still…
After the first target as drawn yesterday, it may be on its way to 0.195 – 0.200 where selling pressure can return again…
Some temp resistance at 0.180 for now to clear first though…
Would want to protect profits for any long positions at this juncture…
For illustration purpose only
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