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Stock Chart: Biosensors!
By Dou  •  November 15, 2012

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

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By Dou
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