Observing a very large Cup and Handle formation, the price still needs to break above the $3.74 level to confirm the reversal to the upside.
However the price is above the 50 and 200 Day MA and there is a noticeable leveling off at the bottom and a curl upwards, with a number of higher highs and higher lows.
There is a some consolidation now and the bulls do not want this to break to the downside or this may continue to consolidate within the blue parallel lines further.