Friday, March 10, 2006
Biosensors as requested by Snow
Biosensors testing gap support at $1.09. Major congestion area between $1.09 to 98 cents. Stochastics in oversold region but %K line is below %D indicating price weakness. If gap support at $1.09 fails next support at $1.05 will be tested. See chart below for weekly chart.
A potential Head and Shoulder pattern is forming on the weekly chart. This formation can only be confirmed if the price breaks down thru the red neckline as shown in the chart.
Both charts are as per time stamped.
# posted by Cherie : 4:10 PM
