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2241-2260 of 10484
Waiting patiently for more contracts awards these two weeks. Den den den den....
this counter have been trending sideways for couple of weeks. upside is there but slow and steady. thinking of its glory days of above $1.
been holding ever since...... faith!
Many of the players holding Midas must have plenty of patience. The train is moving too slowly owing to too many commuters. Some people must alight first, hahahaha. Next stop after some rests will see us at 60 cents hopefully..lol
I believe more contracts awards are in the pipeline. On the right track to higher ground.
stockmarketmind ( Date: 15-Feb-2013 09:16) Posted:
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no catalyst to drive this counter now.
tonylim ( Date: 15-Feb-2013 09:02) Posted:
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Now it needs impetus of winning contracts in order to soar above 60
Peter_Pan ( Date: 15-Feb-2013 02:16) Posted:
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New base formation about to be completed. Trending towards 0.60.
Already done that and now is trending higher.
GorgeousOng ( Date: 14-Feb-2013 21:07) Posted:
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Mrwise i hope you can support your statement with some information, if not i dont think you should always give buy call or telling people it will go up to 60 cent tomorrow.
Midas Could See A Short-Term Technical Pullback
by Xavier Lim 14/02/13 4:16 pm
Midas’ share price has been performing well over the past few months on the back of the securing of new orders by the company and its associate. Year-to-date, Midas has secured two contracts totaling Rmb1.048 billion. Based on media reports, the Chinese government is expected to spend approximately Rmb600 to Rmb650 billion in railway investments this year. As the market believes that Midas is well-positioned to benefit from the China economic recovery, which would be driven largely by infrastructure investments and domestic consumption, its share price is likely to continue to trend upward.
Source: 1-year period daily chart for Midas
Looking at the technical picture, a bearish divergence between Midas’ share price and the Relative Strength Index has formed over the past few weeks. In addition, Midas seems to be forming a mini head-and-shoulders pattern. These signaled that Midas is likely to face a pullback in the near term. Immediate support level is around $0.54, and piercing through that price will see the next support level at $0.52. Nevertheless, Midas is still in the uptrend channel, unless, it falls out from the uptrend channel.
▼ MIDAS 0.550 -0.005 -0.90%
Last updated: 14/02/13 04:40pm
by Xavier Lim 14/02/13 4:16 pm
Midas’ share price has been performing well over the past few months on the back of the securing of new orders by the company and its associate. Year-to-date, Midas has secured two contracts totaling Rmb1.048 billion. Based on media reports, the Chinese government is expected to spend approximately Rmb600 to Rmb650 billion in railway investments this year. As the market believes that Midas is well-positioned to benefit from the China economic recovery, which would be driven largely by infrastructure investments and domestic consumption, its share price is likely to continue to trend upward.
Source: 1-year period daily chart for Midas
Looking at the technical picture, a bearish divergence between Midas’ share price and the Relative Strength Index has formed over the past few weeks. In addition, Midas seems to be forming a mini head-and-shoulders pattern. These signaled that Midas is likely to face a pullback in the near term. Immediate support level is around $0.54, and piercing through that price will see the next support level at $0.52. Nevertheless, Midas is still in the uptrend channel, unless, it falls out from the uptrend channel.
▼ MIDAS 0.550 -0.005 -0.90%
Last updated: 14/02/13 04:40pm
Sigh.. I think unless we are looking long term for Thai bev.. If not no point goin in now..
really hope chiong lo zzzzz wanted to buy thbev haiz cause tat time also about the same price but got midas frist rather than thbev wad a waste today up 6-7cents
mrwise ( Date: 14-Feb-2013 17:26) Posted:
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Those who wants $$$, pls hang on....
Those who have not come on board, pls do so...
Coming.....
Up to one to decides...
Hang on....for those who wants gd $$$...
More news coming.... within less than a month...
Up to one to decides....
NoMoney ( Date: 14-Feb-2013 15:32) Posted:
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Most of the time it is opposite... They will ask u to push the price up to $1 then they sell first
bingwenw ( Date: 14-Feb-2013 14:02) Posted:
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they already have more than rmb 1b worth of contracts already right???
will maybank kim eng be the one who push up the stock to $1???
HUAT AR!!!
Peter_Pan ( Date: 14-Feb-2013 13:22) Posted:
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Maybank Kim Eng says Midas already has an order book worth RMB500 million. " If they can expand that to RMB1 billion, the share price will go up to $1."
China still having holiday so dot expect much.. Wait after 23 when most of of the company start to operate again
Try selling a few lots, to see the reaction. If it doesn't move down, then it is supported. If it moves up, then it might chiong!!! If going down, short. If moving up, long. Lol...