Bio

 

On Tuesday, Biosensors re-test the resistance at $0.925 and closed at $0.90 with HIGH volume of 4.057 million shares traded.

RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Biosensors: $0.925

Immediate Support of Biosensors: $0.855

Currently prices are resisted by 20/50 days MA at $0.925.

On 4/Nov, the critical support at $0.925 were breached with high selling pressure. This is a bearish signal.

The support turned resistance at $0.925 is expected to be strong.

We would not suggest buying Biosensors now as prices are near the $0.925 resistance and it is unlikely to give way easily. We recommend to buy Biosensors only when $0.925 resistance breached with high buying pressure as it is sign of reversal.

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