Textbook triple bottom dictates that (1) the stock must be in a downward trend, (2) bounce three times at roughly the same level, and (3) bearish volume should drop. In this case, all three points have been hit. Trend reversal and leg up towards the $0.60 range is likely.
Comment:
Third leg down is a bit further than expected. However, it is still a good buying opportunity for another run at $1.