"SLP" is in Oversold position

As you can see in the chart, "SLP" is in a descending channel. But according to the very low "RSI", the trend will change soon and it will start to rise. I think it can reach the top of the channel at least.
Of course there is a possibility that it will fall to the bottom of the canal and start rising from there. But the probability seems very low.
Lets see