PIL chart: Despite numerous chances PIL failed to breakout of...

PIL chart:

Despite numerous chances PIL failed to breakout of the downtrend. The support of the channel (purple) is now around 13 / 14c, which is also where the long term uptrend support meets (yellow). Today also sees a death cross (red circle) of the SMA 14 crossing the SMA 90 to the downside.

Moving forward I'd expect the lower support to hold because the fundamentals of PIL are strong, but the way back up will be full of stale holders trying to get out so every announcement or good news will be sold into. Sad to see market manipulation win over a good fundamental stock. This will look good in 3 - 6 months time again. I'll hold a small parcel I got at 1.5c for the long term.