ASRT showing strong support at 1.00

NASDAQ:ASRT   Assertio Holdings, Inc
I have seen that ASRT needs to stay above 1.00 for 10 days in order to stay compliant with Nasdaq listing. According to the chart, that means the compliance will be completed on Monday Feb 22 if they close above 1.00. Now multiple scenarios could happen once compliance is reached. Buying pressure could lower which could make the price tank below 1.00, as they do not need to hold the price there anymore. Lower buying pressure is already seen by the low volume , but selling pressure also lowered. On the other hand, now that the de-listing threat is out of the way (deadline was June 2021), we could see a strong bullish sentiment over the stock price.

I am on the bullish side and will open positions around the 1.00 support and go long for at least a week, with stop orders around 0.95 in case the price doesn't bounce back. I am expecting buyer interest to come back to try the resistance levels around 1.25, this month if not next week. There is a MACD crossover and a possible trend reversal signal as shown on the hourly but I will wait to see if they are false positives, and most importantly if the volume follows, as it is currently low.

I will update this analysis and my moves as the week goes on. Trade well!
Trade active: Price nicely bounced back to the 1.15 zone today, let's see if volume follows over the week.
Trade active: Price is further consolidating.
Comment: ASRT maintained NASDAQ compliance requirements today.
Trade closed: stop reached: Price broke out below support at 1.00