Midas Holding from TA point of view it is rather bearish as we can witness the price after hitting the high of 34.5 cents on 23rd Oct 2015 it had since drifted lower to touch 22.5 cents on 5th Aug 2016.
One consolation point to take note is that a rebound may happen any moment as it is forming a Triple Bottom as reflected on the chart ( red arrows).
I think if it is able to cross over 25 cents with ease couple with good volume that may reverse this downtrend and head higher towards 28.5 cents then 30 cents with extension to 35 cents.
(trade base on your own decision)
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