On Thursday, Biosensors re-test the support at $1.12 and closed at $1.12 with HIGH volume of 13.56 million shares traded.
A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. There have been 4 falling windows in the last 50 candles–this makes the current falling window even more bearish.
RSI & MACD are bearish as RSI trend downwards.
Important Resistance of Biosensors: $1.20
Immediate Support of Biosensors: $1.12
Currently prices are well below 20/50/100/200 days MA.
Prices have re-test the critical support at $1.20 today with high volume as bears have gathered it force to crush this gate.
The support at $1.12 is expected to be very strong.
We would not suggest buying Biosensors now as the trend is bearish forming a lower …