Technical Analysis
Biosensors International
By Stock Market  •  February 22, 2013
As shown on the chart, the failure to break above the gap level of 1.340 - 1.370 saw Biosensors International (BIG) doing a reversal back to Yesterday's closing of 1.340. In context of the relative big picture, BIG is still trending above the upward sloping support line which is validated on 16 Jan. Thus putting everything back into perspective, failure to break above 1.370 will likely to see a sideway range between 1.300 to 1.370. A move below 1.300 or a break below the upward sloping line, will see the possibility of testing 1.250, resistance-turned-support line.




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