STMX TESTING OLD SUPPORT!

The price on 16 march has experienced a pullback and formed a support zone between 4 and 5 cents. Following that the price has risen to around 9 cents and failed to break that level but it formed an upward trendline that was tested around 7 times. I believe that the price has decreased to test the previous support zone. This idea is backed by a possible formation of a channel where the price will bounce before rising again in addition to taking into consideration that the 50EMA will soon enter this support zone making it harder to break.