Midas: 12 June 2014, Thursday, 9.22pm Singapore Time

Midas: 12 June 2014, Thursday, 9.22pm Singapore Time

Chart courtesy of Chartnexus.com

All Technical Analysis of Midas are as per illustrated in Daily Chart above.

+ Midas hit 57-58cents Price Satisfaction Zone (PSZ) in January 2013.
From Jan-2013 to Jun-2014:
+ 1.5 years of distribution of the stocks by using good news as carrot (non-stop flow of contracts-clinching announcements)
+ 1.5 years of distribution of the stocks to retail public (traders & investors) on rosy outlook (fundamentals)
+ The non-stop flow of contracts win and rosy fundamental-analysis outlook will not stop the stock from making its big wave down towards multi-year new lows
+ Tentative target: Price Satisfaction Zone (PSZ) of 17cents.
+ Orange region on chart is region where I warned to get out of stocks based on daily FFA previously.
+ Failure to rally on +10.000 FFA is the bear market confirmation for Midas.

Price target of 17 cents represents a -74.2% fall from peak 66cents which is where main major wave down began; price target of 17 cents also represents -61.8% fall from current price point of 45.5 cents.

Donovan Norfolk Technical Rating:
Bearish
With large distribution using good news ending
Long Term Bear Market as per warned way beforehand
(Sell/Short on Rebounds)

Donovan Norfolk Ang

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Midas: 9 September 2012, Sunday, 1.10pm

MIDAS: FREE MONEY DROPPING FROM THE SKY. 

Midas: A China Infrastructure Play, Free Money is dropping from the sky now, grab it before it rockets more 

(Midas: 9 September 2012, Sunday, 1.10pm)

Based on Donovan's Technical Analysis, Midas 44cents target is a guarantee, assuming ceteris paribus. 

Based on price-volume analysis, there is also a very high chance that upon hitting 44cents major resistance, Midas will retrace slightly before blasting past 44cents resistance. Advanced Technical Analysis signals Big Hands are already in Midas. Based on my judgement, this is what I would label as free money dropping from the sky. Grab and laugh all the way to the bank.

Blasting past 44cents will result in a new bull market trend for MIDAS. 

Note that this is a China Infrastructure (Rail Road) Play. It is one stock that will be independent of big markets directions due to fundamentals and government policies. The Technical side suggests re-accumulation had been completed and a pump-up action to take over now.