Monday, August 13, 2012

BioSensors (Technical)

BioSensors: Technical Sell Call by UOB Kay Hian with potential 8.9% return and $1.13 TP. House note that stock appears to form lower highs and a break below $1.23, which is near its mid Bollinger band, is likely to see lower prices. Stochastics and MACD indicators have formed a bearish crossover. Stops could be placed at above $1.31.

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