It shouldn't fall below .22-.23. Unfortunately it does not feel good at all, but it happens and is a good test of support - to test 200ma and then take-off?! Failing that I don't want to say.
On the upside once support holds, if we break .29-.33 then we should finally get a decent climb. I'd say .45 - short-term. However my personal view is that we'll be trading at .55-.70 range before April. All assuming the sardines are in the can.
Here is my monthly guideline and lines to break and not to break;
http://stockcharts.com/h-sc/ui?s=SMH.V&p=M&yr=3&mn=6&dy=0&id=p43045940647&a=184539888&listNum=1&listNum=1
"keep the faith" I think we will all be rewarded later than sooner
