I feel a group of indicators is alot more promising then a single event
Aug 7 - Continuation wedge target price $2.50 - States that refuting criteria is that it has dropped below the 200 day moving average. (continuation wedge is 81% for a successful rise, or 20% failure) *We have already failed one continuation wedge*
Then crossing the 200 Day moving average I feel supports the fact that we may not be within the 20% failure rate again.