obj chart, page-515

Chartwise, we are repeating the churn of 8 cents from the previous step down in the downtrend.
Churn at that level was quite prolonged, mainly due to remaining positive sentiment in the stock.
I would expected churn at current levels not to exceed a third of that period, meaning 3 weeks tops.

After that period, in my opinion, stock moves considerably in one direction or the other.
Typical crossroads for a stock as second corrective wave might have been either completed or is still outstanding, depending on where one applies the first step, whether this to be the move from 10 cents down to 8 cents, or, as I find more applicable, from 8 cents down to low 5's.
In that case, we still await one further step down.

This all depends on how "purely" one applies the definition of a corrective wave down.



In absence of meaningful news, the continuation of the downtrend is a clear possibility.
I expect very high volume in the mid 4's, should we add another step down in price levels.

Historically, I would be very surprised to see price below low 4's as this was the base from where share took off into its hype motivated high.