I will like to clarify that on our Youtube Channel (please like and subscribe if not already done - share with loved ones so they do not get more losses on this counter), 3 to 4 cent was indicated as an Area of Value (AOV) at 10.19 am. That was when Oceanus was trading at 4.9-5.0 cents. The indication of buying Oceanus at 3-4 cents is only meant for short-term trade, e.g. buying at 3.5 cents and selling at 4.4 cents for a quick profit of 26%.
Overall, this stock is trending downwards and I do not like to trade counter-trend, though the rewards can be fast and furious (with the attendant risks of course).
Oceanus^ is now trading at 4.4 cents and if this is supported, we might see a rebound back to 5 cents.
Oceanus Key Support is at a region between 2-3 cents. 3-4 cents is a temporary Area of Value for now, and of course we hope it holds and won't go down to 2-3 cents region.
Another support level is Fibonacci Level 3.3-3.4 cents.
I do not recommend buying this security as it is over-priced but all this depends on your risk tolerance and investment goals - a better buying-in region is 2-3 cents if you truly believe in the hype (and since Oceanus has recorded amazing earnings recently). Wait for a few days - will be safer. This is the safest course of action for longer-term investors.
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