Tuesday, October 22, 2013

**********Monitor closely for break above KEY Resistance: Biosensors. Share price 0.985. (Can the Critical 1.00 clear? if yes, Long it )

Following up from Buy call made on 4th September 2013. Biosensors has indeed traded higher and consolidated below a new resistance at 0.98 for more than a month till now. Have seen it test this 0.98 today and kind of clear it with a high of 0.99 as of now. More buyers Likely to come in on the BREAK of critical 1.00 psychological resistance level.  Huge resistance seen at 1.00 at the moment but after that sellers are limited. Aggressive traders can consider getting in some long position in wait for breakout. A break above 1.00 can trigger a bullish acceleration to 1.05 and 1.10 fast.
Stop loss at 0.97

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