EM1 has since Feb been heavily traded and has moved up respecting the trend line, the fall back from 4c was due to a capital raising which since appears to have been dealt with.
The company in the e-sports sector are going to market in the next few weeks which will create heavy news flow likely putting upwards pressure on the chart
My concept trade has a target of 4.5c or 45% top side with a stop set at 2.7c for -13%