On Tuesday, Biosensors re-test the support at $1.255 and closed at $1.26 with LOW volume of 0.427 million shares traded.

RSI & MACD are bearish as MACD about to perform a “death cross”.

Important Resistance of Biosensors: $1.31

Immediate Support of Biosensors: $1.255

Currently prices are resisted by the 20 days MA at $1.255.

Since Jan/2013, prices have been well supported at the 200 days MA. In fact, prices have already rebound 2 times on this support.

The support at $1.20/200 days MA is expected to be strong.

We do not suggest buying biosensors now as it is near the overbought region. However do monitor if the prices can hold at this support $1.20 as it could be a good entry.

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