Chart analysis - bullish

The move in the price after the news of the deal has brought about a technical change to the long-term trend (seen here on the weekly chart) it is now unambiguously bullish. Points to note:
1. The steep decline from about 30c has been losing momentum since the start of '15.
2. A powerful punch through resistance at 7.7c.
3. The rally took place on large volume.
4. The pull back from the daily high lasted only 1 day.

Fundamentally this was a very important announcement since it endorses the potential of the technology.