Not sure how long you've been doing this but here's a lesson:...

Not sure how long you've been doing this but here's a lesson: learn some basic charting and charting patterns.

From a quick glance it sticks out like a sore thumb that is on a downtrend, plus you should wait for consolidation (that's when a stock goes sideways). Essentially new and old investors are "feeling the water" and eventually there will be an uptrend.

Usually a resistance level, once pierced, becomes a support level. So the next support is at around 1.3 (1.5 if you are lucky)

And that's not even including post-merging dilution once these entitlements are done.

Side Note: When there has been a really bad down trend like this, when good news does come, from my experience the SP won't go up a lot (because there are people still in it that "just want their money out").