I think the short term picture is more positive than you think:
View attachment 920180
We have broken a downward trend that emerged after the upward breakout in august, on the 8th of january. That green line is now are short term support. We will bounce upward when we reach 26cts. For the moment however, everything points to that lower price, technically SAU is strong sell at every timeline according to investing.com:
|
Type |
5 mins |
15 mins |
Hourly |
Daily |
Monthly |
1 |
Moving Averages |
Sell |
Sell |
Strong Sell |
Strong Sell |
Strong Sell |
2 |
Technical Indicators |
Strong Sell |
Sell |
Strong Sell |
Strong Buy |
Strong Sell |
3 |
Summary |
Strong Sell |
Sell |
Strong Sell |
Strong Sell |
Strong Sell |
Some good news could do wonders.