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Stock Chart: Biosensors, SembMar!
By Dou  •  December 1, 2011

On Thursday, Biosensors broke the critical resistance at $1.38 and closed at $1.40 with HIGH volume of 6.95 million shares traded.

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow).  This usually implies a continuation of a bullish trend.  There have been 5 rising windows in the last 50 candles–this makes the current rising window even more bullish.

Three white candles occurred in the last three days.  Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

RSI & MACD are bullish as MACD about to perform a “golden cross”.

Important Resistance of Biosensors: $1.44

Immediate Support of Biosensors: $1.38

Currently prices are supported by 20 days MA at $1.38.

Today prices broke the critical resistance at $1.38 with high volume ...

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By Dou
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