It is my opinion (and commonly accepted fundamental finance) that a PE below 12 indicates a lack of investor confidence, that a PE of 12-16 is very stable and above 16 shows alot of investor confidence (hype, enthusiasm, etc).
If taking Q3 revenues and annualizing them by multiplying it by 4, and considering 598M S/O, .10 is a PE of very low 12.
While a perfect 12 would be .0955, I think behavioral finance is giving us the little extra support to stay at/above .10. We humans like round numbers like 5 and 10, they are very easy to quickly calculate with.
There has been no bad news since MJNA failed to report Q3 on time, and that caused concern and justified the PE falling below 12. When they finally reported and became current, the confidence returned and price resumed .10+
I think we have VERY STRONG support at .10, more than any of us fathomed. I think Technicals do not take into account news cycles nor fundamental finance and ignore historical facts.
Considering Technicals alone, without Fundamentals and historical facts is a huge mistake. That's why some people say chart analysis is a waste on pennies: because they are ignoring historical facts and finance fundamentals. Technicals are valuable, when interpreted in context and not by themselves.