Midas (technical)

Midas: tight trading range in the near term, following the rebound off the $0.285 trough in mid Oct. Watch for a break down below $0.315, or break up above $0.34, for clues on the next directional trend. Backed by rising key indcators, the odds currently favor an upside break, in which case first resistance is $0.36 followed by $0.39 in extension. On a downside break, $0.285 offers firm support.