The next major support is at 80 cents, a level that coincides with 50% of the high. This should be able to stop the decline.
In the immediate term, a sign that the counter could be readying for a rebound would be a doji on the candlestick chart as this pattern would break the sharp fall and arrest the down-momentum. A doji or minor reversal formation could materialise but any upturn will probably be a relief rebound.
Longer term trend-following indicators such as the 50-day moving average are turning down, and prices are below the 200-day moving average.
