Monday, June 25, 2012
BioSensors: Technical Buy Call by UOB Kay Hian with 14.5% potential return and $1.30 TP. House note that prices may have found support at around S$1.10 and close higher vis-à-vis the previous closing price. A break above $1.18, which is close to its mid Bollinger band, is likely to see the stock edge higher. Its Stochastics indicator has formed a bullish crossover in the oversold region and may trend up. Stops could be placed at below $1.085.