MEGa Decline Near Support Level

Here's another practice lesson on drawing trendlines. I'll be using MEG because the decline last week is really described as mega, as in super. It's as if its rushing to touch the support line which is drawn by connecting the low of Oct 1, 1998 and the low of May 30, 2003 then project the line to the right. Yes, we are now at the 10yrs support line, the first 2 points have 5years in between. Five years later from 2003 , we are seeing a retest of that support line. For Oct 20, 2008, the line is at 0.90. A bounce at that point could be a buy signal. A breakdown could send the price to test the horizontal support at 0.82