Biolidics Limited
Observation from chart:-
Biolidics (8YY) forming descending triangle pattern.
Will it breakout the resistance or support?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on SELL call itinerary.
Immediate resistance @ triangle line level.
Subsequent resistance @ $0.35 level.
Immediate support @ $0.28 level.
If break $0.28 support, lower low is confirm. May have another wave selling pressure.
Let's watch closely Disclaimer.
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