There's not much fundamentally to support more than a weak bounce for a couple of days. $0.0015-$0.0023 is a 53% intraday bounce from an RSI that's not oversold. Basically you might think about what happened last week ($0.0017-$0.0029: 70% bounce) and apply it again. All that happened after that bounce were new or larger bagholders and a new low - $0.0015. Have this happen often and investors and traders will get gun shy (you'll see all time lows).
What needs to happen technically IMO is for a large fall in share price taking MWWC into oversold conditions which is then confirmed the following day. That creates the position for a short-term rise in RSI and share price as traders pile in. The way this stock is moving lower without hitting oversold conditions is holding technical traders at bay. If the news can be timed for the confirmation day so much the better.
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