SOR 0.00% 4.3¢ strategic elements limited

So, from a TA point of view, is there any significance at...

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    So, from a TA point of view, is there any significance at present to the 0.265 price point?
    It seems to have been a resistance line earlier, and seems to be a support line at present.
    Is this so? If so, why?

    Also, what is likely to happen if the support fails and the price comes below 0.265?
    Where is the next support level?

    Thanks to anyone who knows enough to respond. :-D
 
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