Biosensors is trading in sideway with the downward trendline broken. A technical rebound is expected. It has a previous trendline supporting the current price.

If today open (assume gap up) and close strongly, indicators like MACD histogram, RSI will turn together with stochastic 14 days crossover. At the same time, it will prove the upward trendline started at august 09 will hold this counter.

Target price 87 cents.

biosensors as of 12mar10

plaktoz’s Profile on

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  1. March 15, 2010 at 5:08 am

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