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

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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By Dou
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