We need the ticker change and the big news to start hitting. We know the financials are due end of this week. I'm not expecting much from that though, since that was from before the merge.
We wait for now. I don't watch L2 too closely right now, since it's just irritating to watch the MM's get away with their crap.
This is a typical low volume continuation resulting from solicited bids. Zorro had an apt description of the tactic: "squib". I keep thinking of a stranded jellyfish on a Miami beach.