On Wednesday, Biosensors broke the minor support at $1.165 and closed at $1.16 with LOW volume of 2.19 million shares traded.

RSI & MACD are bearish though RSI already in oversold region.

Important Resistance of Biosensors: $1.165

Immediate Support of Biosensors: $1.125

Currently prices are well below 20/50/100/200 days MA.

Since 7/Aug, prices have been trending downwards forming a lower low and lower high. This is a bearish signal.

The support at $1.125 is expected to be strong.

We do not suggest buying Biosensors now due to its short term bearish trend. Do wait for signs of consolidation even if interested.

Important News

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