Saturday 23 April 2011

SGP - Midas (5EN)


Midas - 4/23/3011
 - bearish divergence spotted on MACD histogram 
 - RSI and stochastic are pointing down
 - last friday's black candle without tail signify selling pressure
 - recently broke out from a mini inverse head and shoulder
 - it seems like it is testing 0.775 (neck line of the inverse h&s) as support
 - 0.775 is also confluences with 20DMA and 50DMA
 - The key is 0.775 must hold, otherwise, sell down could be triggered

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