On Wednesday, Biosensors re-test the resistance at $1.21 and closed at $1.195 with HIGH volume of 11.4 million shares traded.
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 18 white candles and 29 black candles for a net of 11 black candles.
RSI & MACD are bullish as RSI trend upwards.
Important Resistance of Biosensors: $1.21
Immediate Support of Biosensors: $1.1
Currently prices are resisted by 50 days MA at $1.21.
Since 4/May, prices have been consolidating between the key support at $1.10 and key resistance at $1.32.
The support at $1.10 is expected to be strong.
Today prices have re-test the resistance at $1.21 with high volume but failed to breakout. This is a bearish signal. ...
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