15 Jan '12, 2pm

Stock Chart: Biosensors!

Stock Chart: Biosensors!

On Friday, Biosensors re-test the resistance at $1.565 with LOW volume of 2.42 million shares traded. During the past 10 bars, there have been 6 white candles and 1 black candle for a net of 5 white candles. During the past 50 bars, there have been 27 white candles and 15 black candles for a net of 12 white candles. RSI & MACD are bullish though RSI in overbought region. Important Resistance of Biosensors: $1.565 Immediate Support of Biosensors: $1.44 Currently prices are well above 20/50/100/200 days MA. For the past 5 sessions, prices seem to be having issues in breaking the resistance at $1.565. The resistance at $1.565 is expected to be strong. Do not suggest buying now. Instead we consider shorting this stock since it is way too overbought and the prices could not break the resistance at $1.565 Stock … Read the full article → Related posts:Stock Chart: Biosensors, Sem...

Full article: http://thefinance.sg/2012/01/15/stock-chart-biosensors/

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