On Thursday, Biosensor trend downwards and closed at $1.13 with LOW volume of 6.55 million shares traded.

A thin candle stick with long upper/lower shadow similar to “Doji” affirms that investors are hesitant in buying the stocks further upwards.

Both RSI & MACD are turning bullish as MACD lines began to converse together.

Important Resistance of Biosensor: $1.15

Immediate Support of Biosensor: $1.11

Currently prices are resisted by 20/50 days MA at $1.15.

From the chart, we could see that the biosensor is undergoing consolidation mode with the key resistance at $1.25 & key support at $1.11.

Since support at $1.11 is expected to be very strong thus we would encourage buying at this price if possible.

Otherwise we can wait for the breakout at $1.15 resistance to get the confirmation of a reversal.

On Thursday, Kepland re-test support at $4....