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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