Ok, so here is my take on the chart today.
We are still in a bearish trend, yesterday was showing signs of a reversal with the formation of a Bullish Harami, however, today it did not move higher and closed lower. MACD is crossed and heading south. Stochastic still has a decent gap and no real sign of closing at the moment. Depending on how you draw the fib lines the 50% retrace is 4.3 cents to 3.8 cents. I will go with 4.3 cents. My guess is there is a breakout forming and I hate to say that without news that breakout is down. If we form a Doji tomorrow thing s will get interesting.
Next support is around the 3.9 mark.
All IMO Cheers.
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