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Consolidation to end for Biosensors

trader88 — Wed, 25/06/2008 - 20:33

Similar to Cocso, Biosensors International is also caught in the triangle formation (but Biosensors has been for more than 4 months).

The descending triangle suggests Biosensors' chart is bearish with support at 65.5 cents, unless upper trend lines' resistance at 73.5 cents is breached, by which time it might turn more bullish.

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