Midas

I decide to learn from Trader Alex to post more specifically on the trade.

Buy Midas at $0.83 on 16th Feburary 2011

Trade decision conditions:

1. Leading manufacturer of Aluminium Alloy.
2. Technically, it almost hit the bottom of the long term sideway pattern (refer to the chart). The risk of taking a buy trade is minimum.
3. STI is at 3075, the selling sentiment is at the near end.
4. Singapore Budget is 2 days away.
5. Long term trend: Bull

Stop: $0.78 (Support: $0.79)