Oceanus is currently just sitting on top of the neckline of a Head and Shoulders pattern. This neckline also coincides with 61.8% Fibonacci Retracement Level. Oceanus came back recently to test this neckline. This $0.317 will turn from support to resistance if it cannot be broken. Price target for this Head and Shoulders chart pattern formation is about $0.18.
Tags: Head and Shoulders