Correct. But, the 90 day chart actually confirms a "Triple Bottom" which is even more bullish. The triple lows were in the 11.20-11.40 range on about Nov. 11, Dec. 27, and Jan. 9th. The past few days rise blowing past resistance at 14 confirms the reversal. The charts are as bullish as they get.
This has nothing to do with the hype of a buyout.