Midas (technical)

Midas: CIMB calls for a technical Buy. The stock could potentially be forming a ST low at $0.225. Since indicators look stretched, a rebound could take place soon. Bullish divergence signals can be seen on its RSI and MACD indicators. Aggressive traders may go long with a stop placed below $0.225. The bounce is expected to send prices up to $0.27 at least, and could easily fill up the $0.31-32 gap well. R2: 0.270 R1. $0.255 S1: $0.225 S2: $0.200