Monday, 15 June 2015

MIDAS - HIT A HIGH OF $0.345 on ENTRY $0.335

Midas reverse from a low of $0.325 on Tuesday on entry at $0.335. We did not stop-loss MIDAS as it did not break the $0.325 support. MIDAS continue trading at the range of $0.33-335 with strong sign of breakout even with a weaker market environment. Today MIDAS did not sell-down with the overall stock market negative sentiment which proven our confirmation that MIDAS is ready for a breakout rally. With SSE(China) performing strongly, we can see positive divergence from the local STI(STRAITS TIMES INDEX) in this JUNE. However, STOPLOSS(SL) being placed at $0.325 in event of market crashing.

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