On Tuesday, Biosensors re-test the resistance at $1.25 and closed at $1.25 with LOW volume of 5.74 million shares traded.
A flat candle sticks with long upper/lower shadow affirms that rally has lost its strength as investors are unsure of its future direction.
RSI & MACD are flat as RSI trend sideway.
Important Resistance of Biosensors: $1.25
Immediate Support of Biosensors: $1.23
Currently prices are well above the 20/50/100/200 days MA.
The resistance at $1.25 is expected to be very strong as prices are having issues to breakout.
In fact, investors have taken profit off the table today though the selling pressure is relatively contained.
Impossible to buy now since RSI at overbought region and we urged to sell once $1.23 support breached if vested
On Tuesday, Yangzijiang re-test the resistance at $1.90 and closed at $1.88 with LOW volume of ...
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