Chart, page-4101

Hi dolci, thanks for your charting posts which give people an idea of where the price is currently at, I'm not a charting person or a trader and have to admit I have difficulty reading these charts so would please like to ask you a few questions which might give me better direction. I am in this for long term as you know.

It has been a very nerve racking experience for me seeing my losses get bigger and bigger as SP gradually went to 35 from its previous high around 45. I had topped up more on the day prior to the powerpoint presentation and that morning when LDN did the presentation, the price crashed and I have been unable to lower my average.
I'm very heavily invested atm and in the red double figures, I was hoping for a rebound with any sort of announcement though with things taking more time than expected, and Ken saying that the mask set is just being sent out, I haven't really got the luxury of holding if the SP does start falling. Just would like to ask these 2 questions...

1. I'm concerned if SP heads south my losses will get bigger so am considering selling part (1/3) of my existing holdings at or around 35c, this will be at a loss (about 6K) and re buying back in at a lower price around 32 to 33c mark if it moves down to that level. That way I bring my average down to around 39 or 40c and also rebuy at lower prices to what I sold.
I'm happy to stomach this loss and make up for it later with a lower average. Is that a good strategy IYO?

2. You mention support lines 1,2,3,... the support line at 31.5c in black with two yellow circles. In your opinion, does the chart appear to be heading to that level if there aren't any announcements, say between now and Christmas?
Unlike many posters with low averages, I am trying to protect my money and really appreciate any help or guidance you can give. Thanks.