Midas (technical)

Midas: UOB Kay Hian has Technical Buy Call with a potential 22.9% return and a $0.375 TP. House think the stock could have formed an interim bottom at $0.27 and may resume its uptrend. Coupled with the rebound in its daily Stochastics indicator, its MACD indicator has formed a bullish crossover, supporting the view of a further upside. Stops could be placed at prices below $0.265