UPDATE: Arcelormittal found major support - Still warning

These illiquid and low volatile penny stocks need weekly charts to remotely see the biger picture.

There are two facts.

The price broke below the Inv Cup and Handle with price bring below both 20 and 200 MA.

Second, the price has stabilised around an extremely strong and important support level at R1.00.

If it breaks R1.00 it's doomed to 20c.

I'll try be an optimistic but keeping to my analysis for now.