Midas has been making new low towards near 0.2. I doubt the company would allow it to go below 0.2 (even if it does, will be brief imo). Looking at the monthly chart, it seems that there is a Adam and Eve double bottom. There is also a falling wedge, with target at ~$0.55 - 0.6. The neckline of the double bottom is at $1. This is where most long term holders profit taking is likely to take place. If the double bottom is valid, overcoming the neckline would bring price to $1.2 - 1.8 range.
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