Very good question. One chart to look at is SWVC to gauge a decent comparison. Stocks never just go straight up, and the same applies for stocks on the way down. In a downtrend, there will always be some "up days", and perhaps a few of them, but the key is to see sustained strength.
SWVC has had many 'pops' that traders have played; however, within a couple weeks, a newer low is made, and the downtrend continues.
Will this happen with EESO? Well it has been. Was Monday's trendline break the end? Possibly, but it takes way more than just one day to confirm dilution and downtrends being over. Don't get me wrong, Monday was a nice start to getting the chart bullish again, but it'll take more than just one day.
Hope this helps!
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