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Stock Chart: Biosensors!
By Dou  •  June 18, 2013

Bio

On Tuesday, Biosensors re-test the resistance at $1.10 and closed at $1.095 with LOW volume of 4.02 million shares traded.

RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Biosensors: $1.10

Immediate Support of Biosensors: $1.07

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

Since 8/May, prices have been trending downwards forming a lower high and lower low. This is a bearish signal.

The support at $1.07 is expected to be strong.

Biosensors have been under heavy selling pressure since prices broke the critical 200 days MA. However it seems that the selling pressure has eased lately and any rebound will be well expected now. Watch for the support at $1.07 as entry level if interested.

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