It has been pretty painful to be long in CNEH over the past 6 months. However, I have several reasons to believe we are near a bottom. First of all, notice that the decline has been rather choppy, without forming clear 5-wave declines. That's indicative of a correction. WaveC would equal WaveA at 1.75. Price hit 1.61 this morning. Also, it looks like Wave-c of WaveC is forming as an ending diagonal. These are normally followed by sharp up moves.
Another interesting fact: volume has been downtrending as price corrected. That means that less and less shares are being sold as price is declining, a good sign of future strength.
Finally, there is MACD-divergence forming. When MACD curls up, the divergence will be confirmed.
Ideally, I would like to see a close around 1.75 or 1.80 on higher volume than yesterday. That would tell me that today's price action was a final washout of the ending diagonal.