Midas has broken a 2 year low. Do you think it will trend lower? I doubt so, the downside is pretty much limited with major support coming in to give this counter a lift. I would take a trade on the long side for a bigger profit. We shall watch this counter as it progress each day.
Ronald K
UPDATE:
As I completed and finished my blog around 5.50pm, a good news was released later around 6+ / 7+ SGT! Let's watch what happens tomorrow!
NEWS RELEASE
MIDAS’ JV COMPANY NANJING SR PUZHEN RAIL TRANSPORT SECURES
TWO METRO CONTRACTS TOTALLING RMB3.13 BILLION
- First contract worth RMB2.15 billion to supply 276 train cars for the
Nanjing Metro Line 3 Project
- Second contract worth RMB0.98 billion to supply 126 train cars for the
Nanjing Metro Line 10 Project
