Biosensors

9 Feb 09 - floating around 0.355.

Observations:
1. Resistant line: 0.375 which is 6% above the present price.
2. Support line: 0.32, 11% below the present price.
3. There seems to be a up channel trend
4. Bollinger band started to form on 2 Feb indicating higher transaction

Research:
- 1H09 has posted US$9.744m pre-tax profit since loss of the past 3 years. Noted its strong revenue increase to US$76m from previous US$23.6 on 1H-1H. 2008's revenue: US$44.3m.
- After-tax loss US$1.237 resulting EPS of (US$001)
- NAV: S$0.142
- Total assets: US$196.533m
- total liability: US$96.627
- Shares investment said the remaining 2H2009 would be unprofitable

(Source: varied)

My take:
1. Both MFI and MACD not clear cut.
2. Wait for one or two more weeks. Good buy when it hits near support line, e.g. 0.32.