Shares & Derivatives
Stock Chart: Biosensors, Cosco!
By Dou  •  May 1, 2011

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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By Dou
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