Watch The Technicals (lower low +lower high in the making)
Lower low (on 4/18) and then lower high (on 4/25) could spell the beginning of a new longterm downtrend. This is how all downtrends start - with a lower low, then lower high. If it breaks below $1.52, then next target is around $1.25.
This stock isn't going to "test" anything. It's going to be pushed to the maximum arbitrage they can collect off the spread, and when their books are closed they will jacknife it. Up or down doesn't matter as long as they are seperating the maximum amount of people from their money. You either trade the tops and bottoms on this thing or you lose.
First it has to test the recent low around $1.52. If it holds that convincingly, then the downtrend is off the table, or at least put on hold. But if it breaks below $1.52, then the downtrend is confirmed.