Keeping things simple the technical trade for the short term:
* We see BIOF moving lower to rest test the lows set in November. The stock trades at around 1.80 with very weak support at 1.70 and 1.45.
* BIOF's ALAMO moment will likely be at 1.13 where nervousness buyers may choose to take what they can and run.
* The 50 is well respected by the stock and should be used for entering a short and used for taking profit.
(Short positions are typically dangerous and BIOF is no different, Be careful and set respectable stops.)