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Stock Chart: Biosensors!
By Dou  •  September 20, 2012

On Thursday, Biosensors trend sideways and closed at $1.225 with HIGH volume of 5.88 million shares traded.

RSI & MACD are neutral as RSI trend sideways.

Important Resistance of Biosensors: $1.27

Immediate Support of Biosensors: $1.215

Currently prices are supported by 100 days MA.

Since 26/July, prices have been consolidating between the key support of $1.215 and key resistance at $1.27. However the trend seems to be forming a lower low and lower high.

The support at $1.215 is expected to be strong.

We suggest to buy only when prices pull back near to $1.215. But do continue to watch the stock as Biosensors is forming a short term bearish trend.

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