Potential for another decline towards the lower boundary

STX is confined within a large descending channel, showing a tendency towards downward movements. After consolidating near the lower boundary, it has recently reached the upper boundary.

6/9/20241 min read

STX price chart illustrating the descending channel with recent price action moving from the lower b
STX price chart illustrating the descending channel with recent price action moving from the lower b

STX is currently in a ranging trend, though it exhibits a tendency towards more downward movements. The price action is confined within a large descending channel. Recently, STX reached the upper boundary of this channel after an extended period of consolidation near the lower boundary.