Watch the break out of Midas. Volume rising very rapidly as it tests the 0.55 level. Has been trading from 0.500 to 0.55 level for about 2 weeks consolidation. A recap of the earlier call which we had made on the 10th Jan 2013 for the breakout above 0.500…. Since then has been consolidating within the 5 cent range above the new support at 0.500.
As long as 0.55 now remains as the new support, upside to test 0.600 is possible. A break above 0.600 would open the way to 0.66 to 0.70 level.
Put a stop at 0.525.
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