On Friday, Biosensors re-test the resistance at $1.33 and closed at $1.315 with LOW volume of 1.82 million shares traded.
A black candle sticks with long lower shadow similar to “Hanging man” affirms on the weakness of the rally and pullback will be expected.
RSI & MACD are bullish as RSI trend upwards.
Important Resistance of Biosensors: $1.33
Immediate Support of Biosensors: $1.25
Currently prices are supported by 20/50/100 days MA.
Prices have consolidating along the key support of $1.22 and key resistance of $1.38 since April 2011.
The minor support will be at $1.25 and minor resistance at $1.33.
The chart of Biosensors seems very interesting as it made a lot of sense to trade in this consolidation due to its big swing.
Watch these 4 levels for trading opportunities if interested.
On Friday, Wilmar re-test the resistance at $5....
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