I personally don't think we're at that time yet (that this stock will be considered cheap). I think it's more likely to come across greater resistance at ~$3.
Alas here we are, right at the apex of a descending triangle + triple bottom on the daily chart.
Nothing has changed in my view from my earlier bearish thoughts, just added 'weight of evidence', additional indications that we're now at the likely point where there will be increased pressure to break the $4 mark.
The only concern again is the MACD divergence but I don't think that is going to get in the way of the bears.
Should make for an interesting week next week.
As somebody once said "I've never seen a big loss that didn't start as a small one". In other words, people who either didn't have, or didn't obey, their stops.
Hold on to your hats.
MCE Price at posting:
$4.00 Sentiment: Sell Disclosure: Held