On Monday, Biosensors re-test the support at $1.165 and closed at $1.165 with LOW volume of 3.91 million shares traded.

RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Biosensors: $1.195

Immediate Support of Biosensors: $1.165

Currently prices are resisted by the 100 days MA at $1.195.

Today prices have break out of the consolidation mode with low buying pressure. The prices ended right at the resistance turned support at $1.195. This is bearish signal.

The resistance at $1.195 is expected to be strong.

After the strong rally for the past few trading sessions, it seems that buying pressure has subsided. We do not advise to buy now for a near overbought stock.

Important News

Yangzijiang Shipbuilding Holdings (BS6.SG) has secured a US$170 million order to build a jackup drilling rig for Malaysian-domiciled investment fund Mena Offshore Investments ...