On Tuesday, Biosensors re-test the resistance at $1.25 and closed at $1.28 with LOW volume of 4.01 million shares traded.
A white candle sticks with short upper shadow affirms that investors are generally bullish on the stock though there are little profit taking.
RSI & MACD are bearish as RSI trend downwards.
Important Resistance of Biosensors: $1.34
Immediate Support of Biosensors: $1.25
Currently prices are supported by 100 days MA.
Prices have been consolidating along the key resistance of $1.38 and key support of $1.22 since April 2011.
The support at $1.25/1.22 is expected to be very strong especially when the 200 days MA is near that range.
If interested in fundamental of Biosensors, we would see it as a good chance to buy near the support of $1.25/1.22.
On Tuesday, NOL re-test the support at $1.37 and ...
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