I wrote the other day that if MXE held 9.5 / 10 cents it would rebound.
This morning, that support was smashed, and in turn, so has the price of MXE. Thank god I didn't buy back in on Friday when it looked as though it had bottomed. The only reason I didn't was because volume was thin and new buyers were slow.
Today, MXE is currently trading at 8.1 cents. If it drops below 8 cents, 5 cents is the next level of support.
If it hold 8 cents, it could rebound. EITHER WAY - BE CAREFUL AND KEEP A CLOSE EYE ON IT.
