Diary Post - Midas 07/12




Above chart is on Midas,

No analysis. this time round as this will take quite awhile.

I call this setup, V - Accumulation.

Will backtest this setup if I see it again nextime.

I blogged this awhile back on the first yellow circled when we spotted some good signals. However, things did not go as well as it seems. Link is here for my previous post on Midas, which is one month ago.

Probably, things to take note is that the slope has to be gentle. If its a steep slope downwrads, expect steep slope upwards as well. However, with a steep slope down then up, we likely will not see Midas still accumulating at its previous zone. Probably momentum will be too strong and will do a bull flags instead.

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