( Yesterday close ) Chart courtesy of stockcharts

Conexant shares were down again on Monday to a new 52 week low closing at $0.66, falling nearly 6% with a little more of 6 million of shares trading. Stock has been under pressure since that broke the key support level of $1. Looking at the daily chart, the technical picture still ugly, however after eight consecutive days always falling, a rebound should appear soon, even more when indicators are showing some signs of exhaustion in the decline. So, it will be interesting to see, if the first signal will be give over this week. First resistance is only at $0.90. Keep an eye on CNXT.

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