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I don't have my charting software so had to do this using paint - not the most accurate readings here.

All through shows smart money moving out with only small trades made on their behalf - it doesn't show them 'accumulating' which is what is required for a bullish up move (trend reversal) to occur.

Point A is the first point where this accumulation has occured, it seems that below the lower trendline is where smart money is buying.

Point B would have been bullish if it had closed higher, however the stick looks like there is plenty of supply and alot of the volume was selling pressure (if the volume had been buying we would've closed up).

Normally after smart money accumulates they do some tests on low volume and have a final 'shakeout'on low volume, these will be indications of a bull market start.

There are a few hurdles to get through first which will require plenty of volume - the $4.00 support is now resistance.

We need to break above the 150 day moving average.

For definite downtrend reversal we need to break above the top of the trendline on high volume.