Chart, page-268

Four month daily showing short term 10 day Donchian Channel and the medium/longer term 50 day. Beginners chart which i still use.
Range forming with bottom support at 16.5 cents. Could bounce from here. Wait and see.
The SP has broken below the mid channel lines between the 10 day highs and lows. The 10 day low line has been good support. The last 3 times the Donchian 10 day low (bottom black line) has been visited it its eventually rebounded very well. Its currently at 16 cents.
The SP has pretty well worked off being way overbought and with luck and a perhaps bit more time to shake out a few more of the weak hands should hopefully rebound. See Bollinger%b falling below levels > 100.
If the above fails the mid point channel of the longer term Donchian 50 day (red lines) is pretty much around the Fib38.2% retracement level at 14.5 cents from the March lows. Would think given current interest in this stock it would not go any lower than this.
Just like snails the Donchian channels leave trails. The medium/longer term 50 day sees the higher and lower red lines making the classic step ups of an uptrend. Techies say the probabilities are with the longer term trend. So a move up above the bottom of the range and above the Donchian 10 day mid high/low line (middle black line) on volume may see the uptrend get a kick along.