Sure, but the move might be down. This is a long-term monthly chart in a long-term down-trend. I do like how the moving averages are converging...another possible sign of a move. But some formations (bullish) need to be in an up-trend already; but, based on this monthly chart, that is not the case.
Article I, Section. 10. No State shall...make any Thing but gold and silver Coin a Tender in Payment of Debts;...or Law impairing the Obligation of Contracts [ask GM bondholders!].