The shares have been testing low trending and finding support....

The shares have been testing low trending and finding support. Just as important the simple moving average has virtually reached the trend support at 1.53. Monday/Tuesday is an important day as a mini squeeze is occurring between the recent retracement trend and the supporting uptrend. The horizontal support at 1.58 holding. All of this is on diminishing volume ( the 2nd lowest volume since 26 April).
if you look at the chart below, the trends can be seen and all the above can be observed. The pink circle on the chart signifies the squeeze from above into the supporting lines. My only concern is the macd crossing slightly negative as Vmm has historically followed up with a few days of the sp breaking down. However, it could continue to consolidate between 1.58 and 1.54 but only for a further day or 2.
so everything is cooked for another move. Mre is due anytime after June 1st. We are due METs updates this week along drilling updates. The question is where will the sp be as the mre drops? Provided the channel holds and we get Mets at the end of the first week of June , we should be sitting around the 1.81 to 1.90 levels.