A few encouraging signs are appearing on the chart as I see it. Firstly, the downtrend from the April high has been broken to the upside albeit not yet in a conclusive manner. To confirm the downtrend is over in the short term at least, a more significant move away from the downtrend is required.
However, this break has also occurred with bullish RSI divergence and also, a failed breakdown below the zone of support created last year and more recently, last month by the low of the pennant.
A move above last months pennant and resistance is not encountered until ~1.65.