STX OSV has been in a very fierce selling off since breaking the neckline support of a head and shoulder pattern. Will STX OSV go below the IPO price of $0.79? If yes, what is the target price? Using Fibonacci Retracement is able to predict the next support below the IPO price:
- $0.557 (123.6% FR)
- $0.444 (138.2% FR)
- $0.353 (150% FR)
Time will tell whether this Fibonacci Retracement works.