Bear,

it can't go to a new low, as that was set back in May 2018 and even lower years back.  What I am looking at is volume based trading.  

In the last 12 months, there have only been 2 sustained periods where the volumes went up remarkably.  First was April to September 2018.  This was when the shorts were forced to cover as the marketed deal was canceled.

The second spurt of trading started up around March 13 2019 and has continued till now.  Daily trading volumes since March 13 2019 to yesterday have averaged 180,000 shares, which is 50% higher than the longer term average of 120,000 shares/day.  It is in this active trading past in the last 3 months that we have hit a new low.   

FWIW, a higher trading volume is a good sign of a potential bull market.  Volumes and price going up hand in hand is what you want to see.  We have seen the volumes, now we should see the price follow them up.