It certainly is. .04 has historically been a very reliable area of resistance and support for years, give or take a few tenths of a penny. With the BOD meeting in Chile from now through May 22 with the intent of garnering an LOI from a new purchaser of Alto de Lipangue, there is likely to be a fundamental catalyst that will affect the chart. Obviously bullish investors feel the catalyst will provide a bounce upwards. The bearish investors feel opposite or feel there will be a falsified pump as a result of the trip to Chile. Regardless of what your bent is on the company, the weekly chart is technically oversold and undergoing a reversal at current levels.
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