Vonage (VG): Time to buy?

Vonage's IPO was a disaster. Whoever had invested during IPO and still holding it are under water. Current technical analysis may provide some relief. VG seems to be attracting buyers at $6.5 level. Recently it moved above the declining trendline and above the 50 DMA on strong volume. Other factors that are in favor of a move higher is OBV reading and RSI divergence. If someone is considering getting involved in this stock, a potential buy point will be $7.31 with a target of $9.00

Good Luck