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

On Monday, Biosensors broke the support at $1.20 and closed at $1.165 with LOW volume of 4.43 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 as RSI trend downwards.

Important Resistance of Biosensors: $1.20

Immediate Support of Biosensors: $1.125

Currently prices are well below 20/50/100/200 days MA.

The rally for the biosensors seems to be short lived but prices has began to pull back.

The support at $1.125 is expected to be strong.

Do watch if the prices will rebound on the support of $1.125 as it is a good chance of entry.

Stock Chart: Biosensors! is contributed by : Singapore Stock Information Exchange

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By Dou
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