On the daily chart we have a cup formed from 12/06 to 12/27. Now lets see if a handle follows. A good breakout price would be somewhere around $8.02 to maybe $8.05
BTW, yesterday was a star doji(which is generally bullish) and today is close to being a hammer-down (portends of good things to come). So the candlesticks are mildly bullish IMO. Volume was quite low, which is also good on a down day, (sp -6 cents at $7.83)....
Of course all of this is JMHO,, and be sure to do your own DD & TA (DYODD&TA) before you buy or sell.