Shares & Derivatives
Stock Chart: Biosensors, Olam!
By Dou  •  May 26, 2011

On Thursday, Biosensors re-test the resistance at $1.34 and closed at $1.32 with HIGH volume of 7.22 million shares traded.

A gravestone doji occurred. This often signifies a top (the longer the upper shadow, the more bearish the signal).

A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).

RSI & MACD are flat as RSI trend sideways.

Important Resistance of Biosensors: $1.34

Immediate Support of Biosensors: $1.31

Currently prices are resisted by 20 days MA at $1.34

After the recent correction from $1.41, prices are now resting comfortable at the support of $1.31.

In this week, there has been attempts to break through the resistance at $1.34 but failed.

$1.34 resistance is expected to be very strong.

As Biosensors has ...

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By Dou
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