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I commented a couple of times before with a somewhat optimistic undertones of the counter going to 1.20 etc. while not dismissing the possibility of the price going down to as low as even 0.40. At 0.60 now, that possibility seems even more ominous. However, 0.60 and 0.50 could still proved to be strong supports.

Will it go up again? Both the monthly and weekly charts shows their RSIs in the oversold region. But it may take its own sweet time to recover since it looks to me theres distribution going on. The weekly chart indicates that the price can go above 1.00 while the monthly chart allows >2.00. You may then want to hold on, unless you need the money in which case you'll then have to lock in your losses.
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