Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Sunday, June 24, 2012
Biosensor Bottom Supported
Biosensor had a bullish reversal candlestick pattern with huge volume on Fri, bounced up from its support 1.105. Indicator wise, MACD histogram and line show bullish divergence sign. More upside is expected with immediate target at 1.175(20ma). it closed at 1.135 on Fri, a potential 4c profit.
Do take note this is a counter trend trading, biosensor is in downtrend.
Do take note this is a counter trend trading, biosensor is in downtrend.
Labels:
Long Candidates(Sg),
SG Mkt
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment