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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