After breaking out of its long descending channel, NEO broke out and consolidated sideways.
Now, NEO broke out of its sideways consolidation and also broke back above 100 (which is a psychological resistance level).
My targets are 110, 121 and then ATH at 134. After that, according to the Fibonacci retracement, we could see a move to 171 and 232, which are reachable targets in my opinion.
For this reason I am very bullish on NEO.
The nearest support level is at 94, and a break below it would be pretty bearish.
Any questions?
Good luck traders,
Remember to protect what you have and not break your rules
Habib
Now, NEO broke out of its sideways consolidation and also broke back above 100 (which is a psychological resistance level).
My targets are 110, 121 and then ATH at 134. After that, according to the Fibonacci retracement, we could see a move to 171 and 232, which are reachable targets in my opinion.
For this reason I am very bullish on NEO.
The nearest support level is at 94, and a break below it would be pretty bearish.
Any questions?
Good luck traders,
Remember to protect what you have and not break your rules
Habib