
[Trading Central] Midas: target 0.497
20 Feb 2013 09:07
Alternative scenario: above 0.596, look for 0.629 and 0.649.
Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Limited Decline |
---|---|
Change In Short Term View | Limited Rise to Limited Decline |
Medium Term View (Bullish, Range, Bearish) |
Bullish |
Change In Medium Term View | None |
Our pivot point is at 0.596.
Our preference: target 0.497.
Alternative scenario: above 0.596, look for 0.629 and 0.649.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 0.55 and 0.49). Midas is currently trading near its 52 week high reached at 0.58 on 28/01/13.
Supports and resistances:
0.629 *
0.596 **
0.583
0.565 last
0.517
0.497 **
0.478 *
Copyright 1999 - 2013 TRADING CENTRAL

Click to view chart in actual size.
Disclaimer Source: ShareInvestor Express
Bull Flag breakout at $0.565
Is this company more profitable than Yongnam considering both into construction for the long haul?
If I remember correctly, some years ago Midas did clinch contract(s) with SMRT... Anyone care to go to their website to seive it out?
With Midas now expanding its capacity to serve more industries, including aviation... This one's got steam to go long.
With Midas now expanding its capacity to serve more industries, including aviation... This one's got steam to go long.
whereru ( Date: 20-Feb-2013 00:22) Posted:
|
Connected to china? Means train from sg to china? Wow.. If like that may b is still another hope Midas to get another contract cause try nv say Midas involve in this project
whereru ( Date: 20-Feb-2013 00:22) Posted:
|
Full speed ahead...going parabolic once again...all obstructions will kena " long" (if you know what i mean)
Peter_Pan ( Date: 15-Feb-2013 02:16) Posted:
|
Midas Holdings – UOBKH has a Technical BUY with +23.6% potential return
midas is china coy, can get.sg contracts meh?
better.to look for local construction coys lah... 
mrwise ( Date: 19-Feb-2013 19:02) Posted:
|
Article stated:" Singapore and Malaysia announced plans Tuesday to build a high-speed rail link, fuelling hopes that Southeast Asia could one day enjoy a rapid European-style train system connected to China. "
Huat Ahh....To those who are in....
Midas will be contracted for the job ?
ruanlai ( Date: 19-Feb-2013 15:29) Posted:
|
Gg closed at 0.565 will go higher if china market fully opens
This counter will move up any time soon.  So hurry, catch the train now.
ruanlai ( Date: 19-Feb-2013 15:29) Posted:
|
Singapore, Malaysia Agree to Build High-Speed Rail Link,
Midas will be benefited....Huat Lar
ok  let's hope can closed at 0.56
If price close at 0.56 means still got chance
anybody here sell at 0.56 ?
strong selling at 0.56 think no power !!
Only 3.5 cents to 60 cents.   Coming...
bishan22 ( Date: 19-Feb-2013 11:57) Posted:
|
Heavy wall at 0.565. Need super news to break through.  

Kong75 ( Date: 19-Feb-2013 10:06) Posted:
|
Focus on the future outlook.
Kong75 ( Date: 19-Feb-2013 10:06) Posted:
|