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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.

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