Dropped to $0.03 and then finished the week above $0.06. Well done if you bought at the low. The bottom coincided with what I call the 3 point convergence of multiple channel patterns; in other words, it is a key pivot point zone of support.
Around the $.04 zone, price found major support on the M13 and W50 moving averages. With those items complete, the price action can move higher.
Am still expecting a $.78 to $.90 price target for this phase.