Shares & Derivatives
Stock Chart: DBS, Biosensors!
By Dou  •  December 17, 2011

On Friday, DBS re-test the resistance at $11.76 and closed at $11.64 with LOW volume of 3.56 million shares traded.

A white candle sticks with short upper shadow affirms to slight profit taking.

Immediate Resistance of DBS: $11.76

Immediate Support of DBS: $10.86

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

On 15/Dec, prices have broken the critical support at $11.76 with high volume and this is a bearish signal.

The resistance at $11.76 is expected to be strong.

We would not advise anyone to long this stock till prices recover back to above $11.76 level due to its bearishness.

On Friday, Biosensors gap up and closed at $1.41 with HIGH volume of 6.14 million shares traded.

Three white candles occurred in the last three days.  Although these candles were not big enough to create three white soldiers...

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By Dou
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