Midas has tested the 0.44 support just now and went below it briefly. Low today was 0.435. if the 0.44 support breaks down on strong volume and sellers throw down at 0.435, 0.43, short term downside can be possible to 0.400 level. A break below 0.40 level can see it go towards 0.35 level. Do nothing if it holds above 0.44 support, short only if it 0.44 breaks down. Note that it has just broken below the 200 DAY MA (Dotted blue line) yesterday which can also signal weakness and reversal in trend.
Buy stop for short positions on breakdown is 0.465.
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