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Thursday, May 29, 2014

MIDAS

MIDAS - 15th June 2014 - Believe Midas current price is providing a good value play for long term view.
The current price of 44.5 cents is undervalued as compare to its NAV of 50 cents. Think people are watching closely for the next quarter result to gauge the direction of providing a better net profit for the future . Once the next quarter result net profit figure is good that may drive the prices to move higher above 50 cents. TP of 60 cents.( trade base on your own decision) 

MIDAS - 5th June 2014 - Midas announcement of winning another 3 big contracts of Rmb3.5B is super good news. This will be the main driver & catalyst to propel the share prices to cross over 46.5 cents then 50 cents and above. Believe with this new contracts winning may draw FM/Institutions to heighten their interest to buy/invest into Midas shares. Waiting to see more big volume transactions that may be the tell tale sign of accumulation/investment.(trade base on your own decision)

MIDAS - 30th May 2014 - Midas seems forming a reversal pattern as reflected from TA point of view. All 3 indicators such as MACD,RSI & Stochastic are trending upwards which is rather positive to support the share prices of heading higher. Breaking out of 46.5 cents with good volume that may propel the share prices to head higher towards 50 cents then 52.5 cents.(trade base on your own decision)

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