Biosensors Ready to Pounce

October 23, 2010 § Leave a comment

Biosensors 22nd Oct 2010

Another medical related stocks shortlisted. Coincidence perhaps. The market is full of facts and people tend to read too much into it and tried to explain away with it., much like the real world. Enough bantering.

Biosensors should see strong support from its short term trendline and support level at 99.5 cents. The bounce on Thursday is a strong evidence. Immediate resistance at $1.05. Stochastics has just turned up and looks like a breakout will occur soon. Keep stop loss at 99 cents.

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