In the short term, prices could actually rebound, albeit briefly. Twenty-one-day RSI is at a new 18-month low, as is the stock price. Strong oversold pressures could trigger a bounce, in which event, resistance is at 90 cents.
The counter broke below a five-times tested support at $1.08 in July, indicating a target of 55 to 60 cents. The lower end of this target range looks attainable this year.
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