Biosensors Retesting Long Term Uptrend Line
Biosensors has arrived at a critical chart point - it is retesting a long term uptrend line that was established since November 2009. If the uptrend line is penetrated decisively, we may see 90 cents as the corrective dip target. Conversely, if prices rebound from the uptrend line. This may mark the end of the corrective dip similar to Oct 5, 2011 where RSI in both cases ( today and Oct 5 ) are oversold.
Labels: Stock Pick
posted by Market Wizards @ April 27, 2012
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