Interested to hear why you're bullish on the chart? I'm just...

Interested to hear why you're bullish on the chart? I'm just starting out learning to read the charts and I don't see it.
In my mind it's still in a longer term downward trend and was always going to bounce off the support. Expect it to reach resistance at around $1.50 then come back down and continue trend lower in the absence of any news. The money flow index is simply returning to neutral. There's been no substantial increase in volume (majority of days over the past 2 months have been <500k, and this week was no different), so I see it as just people playing the chart. Happy to be proven wrong though as I hold.
Don't get me wrong, I think this company has great potential, but they're not going to really kick off until next year (per investor presentations). They have 3 yrs cash in the bank at current burn rate so I'm not worried about fundamentals, I expect they'll be quite profitable by then. I'd say I'm bullish long term but bearish short term.