Midas has broken it support at 0.44 last week and traded below it last week failing to stay above. Currently forming a lower low at 0.43, lower than the last week low of 0.435 which can signal more sell down momemtum and weakness. As long as 0.44 stays at resistance, more downside possible to 0.400. It has also broken below the 200 DA MA (Dotted blue line) last week which can signal a change to downward trend. Next critical psychological support at 0.400, can see it go lower if this does not hold still, possible to 0.35 level which was supported in Nov last year.
Buy stop at 0.45 for any short term “CFD Short positions”
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