MIDAS

pine wrote: Friend asked to share:

Midas is near 10 year oversold level with RSI 14.0. The 10 year low RSI was about 12.8. Ave analyst target price is about S$0.530. Estimated dividend yield is around 2.6%.

Midas has fallen 31% from $0.495 on 8 Apr to $0.340 today. This coincides with the 76.4% retracement level around 0.342. Near term support should be around 0.335 - 0.340 / 0.315 - 0.325. Resistance is at 0.355-0.365 / 0.375. As with previous patterns, 10 year low RSI is typically accompanied with some form of technical bounce .

pine wrote: Friend asked to share:

Midas is near 10 year oversold level with RSI 14.0. The 10 year low RSI was about 12.8. Ave analyst target price is about S$0.530. Estimated dividend yield is around 2.6%.

Midas has fallen 31% from $0.495 on 8 Apr to $0.340 today. This coincides with the 76.4% retracement level around 0.342. Near term support should be around 0.335 - 0.340 / 0.315 - 0.325. Resistance is at 0.355-0.365 / 0.375. As with previous patterns, 10 year low RSI is typically accompanied with some form of technical bounce .

Rock wrote: FairPerson you are 'spot-on Midas'.

Midas seen to be analysts favourite stock, target buy as high as 75 cents 16 times since October 2013 till August 2014. But Midas price has been falling gradually from near 50 cents to 35 cents. Very embarressing. Those who follow analysts recommendation on Midas will lost money. Worst still those who average down will lost heavily.

MIDAS: Target Price By DBS, OCBC & CIMB Since October 2013

22/10/13 (47.5cts) - Target 74cts/Outperform (CIMB)

22/11/13 (47cts) - Target 65cts/Buy (OCBC)
18/11/13 (49cts) - Target 67cts/Buy (OCBC)
15/11/13 (49cts) - Target 67cts/Outperform (OCBC)


10/12/13 (49cts) - Target 64cts/Buy (DBS)
09/12/13 (49cts) - Target 60cts/Buy (DBS)



4/4/2014 (45.5cts) - Target 66cts/Buy (OCBC)
4/4/2014 (45.5cts) - Target 75cts/Buy (Maybank KE)
8/4/2014 (47cts) - Target 64cts/Buy (DBS Vickers)
8/4/2014 (45.5cts) - Target 71cts/Add (CIMB)

12/5/2014 (47cts) - Target 64cts/Buy (DBS Vickers)

5/6/2014 (43.5 cts) - Target 61cts/Buy (OCBC)

16/7/2014 (44 cts) - Target 61cts/Buy (OCBC)

15/8/2014 (41cts) - Target 51cts/Buy (DBS Vickers)
18/8/2014 (41 cts) - Target 50cts/Buy (OCBC)


Today Midas still trading at 35 cents.
Not Vested

Joes wrote: If average target is 53 cents, the share price now is about 38% discount.

If we discount analysts' forecast by half, then we got about 30% upside from here 33 cents. i mean Can take profit at 43 cents.

pine wrote: Friend asked to share:

Midas is near 10 year oversold level with RSI 14.0. The 10 year low RSI was about 12.8. Ave analyst target price is about S$0.530. Estimated dividend yield is around 2.6%.

Midas has fallen 31% from $0.495 on 8 Apr to $0.340 today. This coincides with the 76.4% retracement level around 0.342. Near term support should be around 0.335 - 0.340 / 0.315 - 0.325. Resistance is at 0.355-0.365 / 0.375. As with previous patterns, 10 year low RSI is typically accompanied with some form of technical bounce .