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Stock Chart: Biosensors!
By Dou  •  March 4, 2012

On Friday, Biosensors re-test the support at $1.435 and closed at $1.455 with LOW volume of 3.27 million shares traded.

During the past 10 bars, there have been 2 white candles and 7 black candles for a net of 5 black candles.  During the past 50 bars, there have been 22 white candles and 19 black candles for a net of 3 white candles.

RSI & MACD are flat as RSI trend sideways.

Important Resistance of Biosensors: $1.565

Immediate Support of Biosensors: $1.435

Currently prices are well support at 100 days MA at $1.435

Prices seem to be well supported at the $1.42 support and the selling pressure is easing with low selling pressure.

The support at $1.435/$1.42 is expected to be strong.

If interested in Biosensors, watch for any consolidation at $1.42 support as it could be a ...

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By Dou
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