Mirach Energy (technical)

Mirach Energy,prices seem to have bottomed out at $0.071, but the steep correction may not necessarily mean a reversal. The hourly chart shows consolidation around $0.09-$0.10, just shy of the 50% Fibonacci retracement of the most recent plunge from the high of $0.130 to the low of $0.071. Immediate support and resistance at $0.087 and $0.100 respectively, with second level resistance at $0.107. I see confirmation of reversal beyond $0.117.