Midas

Midas: CIMB has Technical Buy Call. Highlights that recent pullback appears to be corrective after it formed a bullish wedge pattern. Yesterday’s breakout above the Wedge resistance as well as 50day SMA is positive for the stock. MACD and RSI have just turned positive, suggesting that buyers are coming back in force. Recommends investors get in now, but places stop loss at $0.95 or $0.935. Tips resistance levels at $1.10 and $1.17.