This may go crazy on Monday. There are rumours for takeover or M&A.
They are last traded at 29 cents. With an initial target of 40 cents from The Edge as follow, that is a 38% potential upside. Very tempting!
Biosensor is probably the most interesting chart from a punter’s perspective. Prices are approaching the top of the base formation at 31 cents. A breakout looks achievable. Quarterly momentum has turned up. Prices themselves have moved above the 50 DMA; RSI has risen above 50 and looks strong.
ADX has turned up from a low level, on the back of positively placed DIs. This is a bullish endorsement and should support a price break. Volume is expanding too. A successful break indicates an initial target of 40 cents.
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