RWM looking for support

RWM drops -10.2% based on the weekly chart. This is due to the news that its income from 2013 drops 60%. Tsk3x.

On the daily chart below, the next support is at 8.85. Let's see if this support will hold or not. The current price is a new low so we don't have a strong support for now.

RSI is approaching the oversold level.

Based on the chart below, it doesn't look good.

UPDATE 3-24-2014:

Since the 8.85 didn't hold, next support will be 8.45.