On Monday, Biosensors re-test the support at $1.215 and closed at $1.22 with HIGH volume of 7.23 million shares traded.

RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Biosensors: $1.27

Immediate Support of Biosensors: $1.215

Currently prices are resisted by the 20/200 days MA.

Today Biosensors undergo heavy selling pressure as bears attempt to break the support at $1.215, however prices managed to close above this support.

The support at $1.195 is expected to be strong.

Biosensors are currently trending sideways with the key support at $1.195. Do consider to buy at $1.195 support if interested. Cut loss once this support breached with high volume.

Important News

New Singapore government curbs on property will have a widespread impact throughout the economy and will restrain economic growth in 2013. The “headwinds” including the property measures will cause growth …