14 Jun '12, 4pm

Stock Chart: Biosensors!

Stock Chart: Biosensors!

On Thursday, Biosensors re-test the support at $1.12 and closed at $1.12 with HIGH volume of 13.56 million shares traded. A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. There have been 4 falling windows in the last 50 candles–this makes the current falling window even more bearish. RSI & MACD are bearish as RSI trend downwards. Important Resistance of Biosensors: $1.20 Immediate Support of Biosensors: $1.12 Currently prices are well below 20/50/100/200 days MA. Prices have re-test the critical support at $1.20 today with high volume as bears have gathered it force to crush this gate. The support at $1.12 is expected to be very strong. We would not suggest buying Biosensors now as the trend is bearish forming a lower … Read the full article → Related posts:St...

Full article: http://thefinance.sg/2012/06/14/stock-chart-biosensors-8/

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