One week after the comment that Biosensor is 'poised for a breakout', let's take a look at the actual performance now.
The stock did broke out on Monday as predicted to $0.34 from $0.29 with unusual high volume. However, the initial target of $0.40 has not been achieved. Instead of that, it falled back to close at $0.315 last Friday, very close to its base formation level at $0.31.
Nonetheless, the high at $0.345 is indeed a bullish sign. Initial target of $0.40 is still achievable if the base can hold.
0 comments
Post a Comment