Yesterday's candle closed at 20sma, and below 20 should support a move higher in price as it turns up. The TTM is quite negative and while it does not give a buy signal, I will look for the bars to get shorter in support of a price move higher.
I like this trade because 2/19 expiry 2.50 strike calls are less than 50 cents. Anytime I hold options in a swing position I must be prepared to lose it all (anything can happen). In this example, if I buy 1 call contract I spend less than $50 so that is the max I can lose. The reward to risk is fantastic. Only spend an amount of capital that you are willing to completely lose, and identify your loss exits (% loss on option, trade below recent low, below daily ).