AJM Chart, page-3804

Sorry you're TA is a bit off I think. That long red candle of 6th Feb (DOW correction), was just panic selling at the time, look left and right of it , the base is about .32. So thats where we are now. The question is will it break that support?

The shorts are having a quick go at this one, most likely so the instos can get in on it before it re rates. There is a lot of expectation on this one being the next PLS and I would think most holders are waiting for this to re rate between 50c - 90c once some projected financials come out after a shipment or two.

Its double topped at .48 in the last 6 months so its very likely to re test that as we head towards our first shipment in Jul - Aug. So my guess is that expectation will stymie further selling off. At 33% down from high 3 months ago, it would be unusual for it to fall any further. One third is usually the limit for a "quality" penny stock IMHO.