On Friday, Biosensors re-test the support at $1.31 and closed at $1.31 with LOW volume of 3.59 million shares traded.
A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).
RSI & MACD are bullish though RSI in overbought region.
Important Resistance of Biosensors: $1.37
Immediate Support of Biosensors: $1.34
Currently prices are well above the 20/50/100/200 days MA.
For the past 2 sessions, prices have issues breaking new 6 years high resistance of $1.37.
Prices have pullback to the support of $1.34 with low selling pressure which affirms to little profit taking
Impossible to buy now since prices are too high. Instead do watch the support at $1.34 if vested.
On Friday, Cosco re-test the support at $2.22 and closed ...
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