Impatience with a dash of over supply has created this downtrend, also MACD has diverged and its histogram is going negative from the past few days of SP turmoil.
Yesterday it punched through the support @ 8cents and if it pierces through the 50 Day SMA @ 6.8/7 cents it'll probably fall even further back down to 4/5's. That worst case.
Glass half full:
It could fall to the 50 day SMA and then reverse but bounce between the 50 SMA and the new resistance at the 8's from all the sour holders.
Let's hope I'm wrong
Please comment on my assessment, I'd love the advice.
