Midas broke out of its resistance at 0.355 on Friday with higher vol.
Next resistance to watch will be 0.375 which is previous support/resistance.
We shall see if 0.355 can be resistance turn support again.
As shown in the chart above, Midas seems to respect the Fibo levels quite nicely, therefore its possible to use the Fibo levels to gauge the support and resistance levels.
Disclaimer: The purpose of this blog is not intended to promote any insider trading or manipulation activity. This blog is created only for education, discussion and knowledge sharing. All charts and information can be obtained freely from the public internet. All analysis are based on my own personal view. It should not be used as a decision to solicit buy/sell activity. Use all information at your own discretion.
Showing posts with label Midas. Show all posts
Showing posts with label Midas. Show all posts
Sunday, 22 July 2012
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