Shares & Derivatives
Stock Chart: Biosensors, Informatics!
By Dou  •  February 11, 2011

On Friday, Biosensors re-test the support at $1.03 and closed at $1.06 with HIGH volume of 14.31 million shares traded.

A black candle stick with long lower shadow affirms that investors are willing to buy as prices approaches $1.03 support.

RSI & MACD are bearish as RSI falls steeply.

Important Resistance of Biosensors: $1.08

Immediate Support of Biosensors: $1.03

Currently prices are well below the 20/50/100/200 days MA.

Biosensors has broken its critical support at $1.11 on 10/Feb and thus trigger heavy selling pressure today.

$1.03 support seems to be strong as prices rebound from there today.

RSI almost at oversold region but we advise to wait for any consolidation at support $1.03 before entry due to recent bearish sentiment.

On Friday, Informatics re-tests the support at $0.125 and closed at $0.125 with LOW volume of 1.45 million ...

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By Dou
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