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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