MIDAS has a flag consolidation pattern. Breakout of flag at 1.08 (trendline) and 1.11 (highest flag).
This occurred today. But it is retracing at the moment intraday.
Target would be 1.22 or 1.29. I would prefer 1.29 for obvious reasons. However points to watch are that 61.8% fibonacci retracement level is at 1.22. Also the 50 day MA is also around there. However this would be the 2nd attempt to cross the 50 day MA which is usually successful.
I am queuing at 1.07 to buy MIDAS. Target 1.29. Cut loss 0.985. Reward risk ratio 2.29.
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