Is FFH breaking out of an Inverted H&S?

On the RSI FFH has created a higher high, very bullish.

Prem Watsa bought nearly Half a Million shares of FFH, I wonder if the Blackberry rumors are true?

An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends
An inverse head and shoulders pattern, upon completion, signals a bull market
Investors typically enter into a long position when the price rises above the resistance of the neckline.