Midas - Potential Stopping Volume?

Good Saturday all,

Below is my thoughts on Midas.

Not a buy/sell call.

Result of Midas will be out on 14 Nov.

Additional comment : Yesterday upbar means nothing to me. While indeed it shows strength, but supply has to be cleared then Midas can see 40+ cents back again. So, waiting for a down day to observe its strength.

Blue lines are my fibo lines

While the last 2 candles exhibit decent strength in the activities. The market may need to accumulate further before an up move. Patience is the key. In the future : Look out for tests and shakeouts. (Will complete the shakeout tabs soon, tabs still under construction). Ideally, tests and shakeouts shall challenge Midas recent low around 37.5 cents with low volume.

Hourly chart and what I am expecting to see with a test bar.

Update on 5th Nov, Midas looking pretty normal today. I am still upside bullish and more supply was taken out today! Imminent movement soon?

Update On 14Nov : Despite the profit guidance released on 7Nov,  Midas share price did not fell as much as more investors might expect them to. Recently, market has been very bad and I guess it gives the SM more time and to accumulate more Midas shares.

14Nov, 2.36 Pm update : Likely game over for midas. Unless we some major buying up

Disclaimer : This is not a buy/sell call.