Signs of a longterm trend reversal

after breaking its long term downtrend that lasted over a year, it clearly hit support at 6.40 and then it 8.55 with high volume creating the cup and handle formation. The 200ma was acting as resistance multiple time till being broken 09/30 on high volume and the 50ma is now acting as support. The handle can be shown as a lowering wedge which was broken out of with high volume. The companies that this fund consists of all have interesting concepts and minor successes could bring this stock up after not doing so well after quite some time. I bought at 7.92 and looking for a movement to 9.00.

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