this should be the bottom

I reckon this is bottoming out, the first chart is a daily with the red line showing the 200ma and second is the weekly with the 50MA. Both lines should support price and price may hold slightly above these lines. There are good reasons today to say that we could of made our low, consider the 2011 top of 40c was on 16th feb and today we fell into a bottom a year later at 45cents. Maybe we could reach those lines on Monday, but I an not convinced of that as today is more in sync with time and monday comes out around the 20th which just doesn't fit.Either way next week this should turn around.