With gold breaking all types of records and the current market price of over $1,400/oz, it is no question that penny stock investors have flocked to the gold sector to invest their hard earned money. Within the past 2 weeks all types of penny gold stocks have ran from triple zero's to multiple pennies making shareholders lots of cold hard cash. We alerted SAEIE at .026 per share and it went on a RAMPAGE to .21 per share within 2 trading days of our alert.
The KINGZ are putting "Midex Gold Corp" (MXGD) on EXTREME alert as it's current pps of .0024 is looking to see multiple pennies VERY SOON. MXGD trades on thin air as it went up nine tics from a low .0018 on a measily 1 million share volume. That is ABSOLUTELY AMAZING! That shows that the float is very small and that the new investors who bought shares in the trips and teen level are holding on to them with an iron grasp. On Friday MXGD gaped and opened at .0019 and ran to a high of .0035 before consolidating and closing at .0024. Friday's are usually low volume days and flippers and day traders usually don't hold stocks over the weekend which is why the KINGZ believe this close at .0024. Even though the KINGZ have been alerting MXGD for a good week now, MXGD didn't catch other penny promoters radars until early Friday morning. As I am typing this there are massive newsletters and alerts going out about MXGD and the KINGZ felt it was necessary to do the same via email. We want all of our members to profit from this extremely undervalued gold play.
Stating that MXGD is undervalued is an understatement. Have you seen their chart?
The RSI will still be low when it hits .0389 , at that point it will be at 50 percent, above that the stock turns bullish. Currently the 14 day RSI is at 25.36 which is INSANELY oversold. When viewing the chart, this jewel of a stock has the very attainable potential to skyrocket to a high of .36per share short - mid term. The 50DMA is showing .066 and the 200DMA is at .368 with a current RSI of 25.36 in which proves to be extremely oversold. With that said, the RSI can go to .243 before it hits 80 percent and becomes overbought. In conclusion, based on the chart and technical indicators, MXGD has the very attainable potential for a BLUE SKY BREAKOUT and soar back to the recent prices of .06 to.36 per share. The KINGZ feel it is essential for our followers and members to take full advantage of this play so that you can profit beyond your imagination as this week looks very promising for MXGD.
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