On Friday, Biosensors re-test the resistance at $1.18 and closed at $1.18 with LOW volume of 6.8 million shares traded.
A white candle stick with no upper/lower shadow affirms that investors have no qualms on buying the stocks higher.
RSI & MACD are bullish though RSI began to trend sideway.
Important Resistance of Biosensors: $1.18
Immediate Support of Biosensors: $1.15
Currently prices are well above the 20/50/100/200 days MA.
On 9/Mar, prices re-test the critical resistance at $1.18 but failed due to profit taking as the buying pressure is relatively low. This action triggered a slight pullback to the support level of $1.15
Today bulls have once again pushed the prices up and hoping that Biosensors can break the resistance at $1.18 in the coming week.
If interested, do watch for any breakout of $1.18 in the coming week.
On Friday, ...
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