CAN IT cross above 0.71 – 0.715 now? Is it too late?
Sent: Monday, March 16, 2015 10:50 AM
Subject: **************** Potential breakout: Biosensor: price 0.69, more upside above 0.71 - 0.71, may attempt a breakout again.
Subject: **************** Potential breakout: Biosensor: price 0.69, more upside above 0.71 - 0.71, may attempt a breakout again.
From previous calls, Biosensors has still been trading below the 0.70 – 0.71 resistance for more than 2 months already. We are seeing it near this psychological resistance on strong volume in recent days where it can attempt to break above again. Has found a support around the 0.635 level over the past 2 months as it consolidates sideways. Breaking above 0.70 – 0.71 resistance would also be a positive as it crosses above the 200 day LONGER TERM trend line. A bullish rounding bottom spotted but more confirmation needed above the 0.71 resistance level clearing.
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