Long Term Uptrend Signal on NEO
NEO gave a green 2 according to Tom Demark count on the weekly chart. This is a clear long signal for a long term trade. We can have up to 7 weeks of uptrend according to Tom Demark.
Stoch RSI is oversold which also confirms the possible bull trend.
On the daily chart it is green 4 with a overbought Stoch RSI. This means short term retracements are possible. I expect the price to rise significantly on long term (up to 7 weeks).
Here is my trading idea:
Long at: 0.008962
Take profit1: 0.009978 (fib. 0.5)
Take profit2: 0.0010752 (fib 0.618)
Stop loss: 0.008348
Stoch RSI is oversold which also confirms the possible bull trend.
On the daily chart it is green 4 with a overbought Stoch RSI. This means short term retracements are possible. I expect the price to rise significantly on long term (up to 7 weeks).
Here is my trading idea:
Long at: 0.008962
Take profit1: 0.009978 (fib. 0.5)
Take profit2: 0.0010752 (fib 0.618)
Stop loss: 0.008348
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