The following is technical analysis of BioElectronics Corporation (BIEL.PK) stock for October 5, 2009.BIEL Support and Resistance Levels - 10/5/09
Resistance Levels: $0.091, $0.0122,
Support Levels: $0.075, $0.055
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BIEL is back testing the 50 day moving average again. The stock hasn't closed below the 50 day moving average since breaking up through it in May 2009. A close below this level would be bearish and you would see significant selling pressure. I would be a buyer of BIEL when it closes back above $0.10 and would add more on a break above $0.122. For More Technical Analysis - Go Here
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