Thursday, January 10, 2013

Trading Buy: Midas. Share price 0.505.

Midas has break above the critical 0.500 resistance level. Has been below this level since Aug 2011 for more than a year. Currently at 0.505. As long as 0.500 remains the new resistance turned support, upside to 0.600 seems possible in the near term. A break above 0.600 could pave the way to find a higher resistance at 0.72

Put a stop at 0.475 nevertheless.

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