Friday, April 15, 2011

BioSensors

BioSensors: UOB kay Hian note that Biosensors broke out of its prior resistance level of $1.25 and closed at a 5-yr high of $1.31 yesterday on the back of higher trading vol. The ADX indicator bottomed out at the beginning of the mth and began to turn upwards, with the DIs positively placed. Support is at $1.11 while resistance is at $1.41.

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