Biosensors: longer term technical outlook appears positive, rising steadily in a step pattern over the past 24mths. The upward trending 200 MA has provided good support during this time.
The stock has bounced back up, following a recent low in early Mar which coincided with a bottoming of the RSI and MACD. Both indicators are now rising positively, which suggests upward momentum could continue in the near term.
The risk reward for a long trade appears favorable now, with resistance at $1.70, and support at $1.38 (200 MA).
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