light at the end of the tunnel?

There seems to be a lot of negative posts on this stock. I've been watching axm for about a month by now. Today I bought the first small portion of shares. It's hard to pick the bottom. I know many people tried the same some time ago and it still went down.
There are 3 reasons I went in now:
a) Stock has been going down for long time and seems very oversold;
b) Slow stochastic is oversold, rsi - oversold, possible divergence on macd;
c) company is producing, MG was replaced recently, cash costs are coming down a bit, and are projected to come down further.
On the outside, it doesn't look too bad for a reversal bounce up.
It can still spike down a bit to finish off all the sellers, but there might be the light at the end of the tunnel soon I think.
AXM appears to be on par with SBM resorce wise and so on, but half the shares on issue and almost half price sp. Cash costs are less then sbm. sbm is in the process of reversing and about to start going up as we speak. axm should follow soon.