On Friday, Biosensors re-test the support at $1.30 and closed at $1.32 with HIGH volume of 19.69 million shares traded.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
RSI & MACD are bearish though RSI in oversold region.
Important Resistance of Biosensors: $1.415
Immediate Support of Biosensors: $1.30
Currently prices are well below 20/50/100/200 days MA.
For the past 2 trading sessions, biosensors have been under heavy selling pressure as prices re-test the critical support at $1.30.
The resistance at $1.30 is expected to be strong.
Do not catch the falling knife yet but watch for signs of ease of selling pressure at the support of $1.30 for entry if interested.
Stock Chart: Biosensors! is contributed by : Singapore Stock Information …