Im trying to learn technical analysis and for this stock I will say what I think and id like to get some insight on if Im on the right track or not.

Im looking at the 3 month chart and I see that a cup and handle has formed so once it breaks above 4.20-4.25 would that be a buying signal. Its also been on a steady downtrend but if it did break that 4.20-4.25 mark that would also break the downtrend right? Well if youd like to take a look and see if Im way off base or not please tell me if i am.