The following is technical analysis of BioElectronics Corporation (BIEL.PK) stock for November 30, 2009.
BIEL Support and Resistance Levels – 11/30/09
Resistance Levels: $0.078, $0.103
Support Levels: $0.065, $0.0565
BioElectronics Corporation (BIEL.PK) is trading below both the 10 & 50 day moving averages which is technically bearish. With that said, I will be avoiding the stock. If you are jumping in here however, BIEL has support between $0.056-$0.065. If the stock breaks down through that zone, it could get very ugly.
On the upside, the stock could get a nice pop if it closes back over the 50 day moving average located at $0.078. I would then be a buyer since this could be the start of a new break out. Pay attention to volume…..it would be bullish to see multiple up days with 75 million or more shares traded. Get More Info on [tagtip]Technical Analysis [/tagtip]
Today’s Biggest [tagtip]Stock Market Gainers[/tagtip] – Top 2009 [tagtip]Stock Gainers [/tagtip]- Top 2009 [tagtip]Penny Stocks[/tagtip]
If you're new here, you may want to subscribe to my RSS feed. (you can subscribe via email as well). Your comments and suggestions for stories are welcomed.Thanks for visiting!
Authors bio is coming up shortly.