RE:Had to take a little moreI am not a technicals guy, but you may want to look at the following Fibonacci retracment levels from the all time high of $0.62:
78.6% retracement: (we blew by this level) or $0.49
61.8% retracement: $0.38 (most likely support level)
38.2% retracement: $0.24 (where we started)
Sometimes a Fibonacci ratio, 50% is also used.