Hey AP, hope all goes well with your dad.
You make some valid observations on the ECU chart and as you observed, ECU has broken through a downtrend and seems to be retesting before moving higher.
There are many other technical formations occurring including the completion of a cup-and-handle as Clive Maund eluded to earlier.
The 3-year chart (seen below) probably does not look very appealing, however there is silver lining of course, and in this case ECU has been forming a very long base in what Stan Weinstein calls Stage I of his four stage stock chart cycles.
We currently are in Stage I or a basing range, to be followed by the advancing stage (Stage II) where the big money is made.
According to his method, we should watch for a break above the $0.93 level on higher than average volume. I expect the shorts to use every means in their arsenal to protect this line.
At that point we will likely see the start of a major move that should take us quickly to the $1.20 to $1.30 range since there was very little shares exchanged an the way down between $1.30 and $0.90.