Technical's show a pretty safe buy zone here for NVCN . has remained crossed up. We have strong support at .10 range. There is evident on the daily as we formed a lower low on the chart with higher low on the . This same technical setup occurred a few months back when it fell to .50 range and it bounced to .72. Fundamentals could also be strong as ER is expected to be announced after-hours tonight, March 28, 2018. The fundamentals combined with the technical's show that we could have a short-term rally to the upper level of the downtrend around .20-.30 cents.
If ER provides favorable news, that could be enough to break the downtrend, but resistance is high and there will be a lot of penny pinching profit takers. This is a decent long term hold if you buy here and news is favorable tonight.
The reality seems to be that the only thing that will save this stock is a buy out. At this point in time there are a ton of bag-holders, short sellers, and panic sellers. A single penny increase is enough profit for some people that they instantly sell. Without a major institutional player buying up millions of shares and holding, the price is likely to trend even further down. It is crazy to think but there doesn't seem to be a bottom here.