See, I had the bad experience of letting my own analysis to dictate my moves which more often than not failed and costs more money to pay. Cheap can get cheaper and this stock shows that. IF we think that the price action MUST rebound at 50 just because it was an important support and this and that reasons, then in a way we are already subconsciously believing the reversal is here.
Sorry that Mr Market disagrees with me and they do not care about my losses. By extending the bearish line further, we can see the price has yet to break out and though the price is below 50, we still DO NOT have a reason to buy! Period