Biosensors (technical)

Biosensors: The stock has been slowly but steadily declining, with RSI and MACD below neutral, and Stochastics showing no sign of hooking up from current oversold levels yet. Momentum is still negative for now. Initial support is at $1.18, with firmer support around $1.10. Resistance is around $1.29. Will wait for a pick up in volume, and share price to cut back above the 20 day and 50 day MA, as first indications of a positive turnaround in technical outlook.