Putting aside Cedric's self benevolence, that has seen a further 60% wealth destruction in the last 12 weeks, it looks to me we are now entering a key TA period. Historically, as far back as the end of 2013, we can see the SP (equivalent) has been supported at this level.
We can also see SP support each time the Relative Strength Index dips this low... currently @ 24, a number considered to be well oversold.
As we've seen here many, many times before, every silver lining has it's cloud. And no contest it remains an ugly chart. I do wonder though, that at a 20m Mkt Cap and with a couple of TA events at pivotal points, if this won't start entertaining some new interest?
IOR Price at posting:
8.5¢ Sentiment: None Disclosure: Held