Renergen losing it's energy - Support needs to hold or trouble

Renergen has been on a one way trajectory down along with the solid downtrend.

We have the price below 20MA and 200MA

Now if the support does not hold, it could confirm an M Formaiton, which will send the price further down to R1.31

If the price has bottomed then there may be some type of hope for Renergen.