Hi Lory,
IMO we are soon going to witness a bounce to test that 200 day SMA which should act as a resistance from now on. But atleast it will be a good trading opp from $1.255 to around a $1.40 ish. Meanwhile the 50day SMA is already on its way down towards the 200 day which would therafter push the SP down below current levels.
This is my opinion not advice.