40 cents is a significant support level and we are retesting it which can be a good thing.

If 40 cents doesn't hold then next support would be at around 34-35 cents and should be very strong. The 200 ma, the long term uptrend line and some 2009 peaks all seem to converge around 34-35 cents and by then many indicators would be in seriously oversold territory(some already are). Normally that kind of support convergence represents a good buying opportunity.

This is just for people who follow TA.

Absolutely no guarantees offered and always do your own DD !!!!!