20 May '12, 4pm
Stock Chart: Biosensors!
On Friday, Biosensors re-test the resistance at $1.20 and closed at $1.20 with LOW volume of 2.11 million shares traded. A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar. A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold). RSI & MACD are bullish as MACD lines about to perform a “golden cross”. Important Resistance of Biosensors: $1.20 Immediate Support of Biosensors: $1.11 Currently prices are well below the 20/50/100/200 MA. For the past 8 trading sessions, prices have been trying to consolidate between the support of $1.11 and $1.20. The support at $1.11 is expected to be strong. The selling of biosensors … Read the full article → Related posts:Stock C...