On Thursday, Biosensors broke the support at $1.10 and closed at $1.085 with LOW volume of 3.98 million shares traded.
RSI & MACD are flat as MACD lines converge closely together.
Important Resistance of Biosensors: $1.10
Immediate Support of Biosensors: $1.03
Currently prices are well below 20/50/100/200 days MA.
On 31/Oct, prices have breached the critical support at $1.10 with high selling pressure. Although prices have recovered back slightly since then but it could be just short covering.
The resistance at $1.10 is expected to be strong.
We do not suggest buying Biosensors since prices have been falling since 7/Feb/2012. Shorting would be a better suggestions.
Stock Chart: Biosensors! is contributed by : Singapore Stock Information Exchange