I see you have drawn an acute angle and at the right side the SP has popped up above the acute angle. The chart represents the daily, and the period you have highlighted as indicative of a reversal and uptrend, covers 5 weeks of trading.
You have also circled the volume as being supportive of that uptrend. If that satisfies your criteria for a reversal and an uptrend then thats fine, you may be right.
However technicals are very weak predictors of SP movement in spec stocks to begin with, and if you are going to rely on them to pick a reversal imo the criteria you are relying on is simply guesswork at best and should you be proven right, a consequence of luck. What matters here are the financials.
The acute angle you drew has been drawn many times all the way down from the 9.5c high 9 months ago, each time claiming a reversal that turned out to be a bull trap. If you must make a claim on SP reversal at least do the work to support your claim based on what any decent trader would accept as being required to make that claim.
http://traderhq.com/trend-reversals-how-to-spot-trade/
http://www.swing-trade-stocks.com/trend-change.html
http://www.tradingacademy.com/lessons/article/confirming-quality-entries/
