On Monday, Biosensors re-test the resistance at $1.07 and closed at $1.055 with LOW volume of 1.34 million shares traded.

RSI & MACD are bearish as RSI trend downwards.

Important Resistance of Biosensors: $1.07

Immediate Support of Biosensors: $1.02

Currently prices are resisted by 20 days MA at $1.02.

Since 3/Jun, prices have beached the support at $1.19 with high selling pressure and began to trend downwards forming a lower high and lower low.

The support at $1.02 is expected to be strong.

We would not suggest buying Biosensors now as prices are on the bearish trend especially when the 200 days MA is breached. If really interested, watch for the support at $1.02 and cut loss once this support give way.

Stock Chart: Biosensors! is contributed by : Singapore Stock Information Exchange