NEO - Where to - Thoughts?
Updated
4hr - 1hr show steady separation of from the 200MA and MAs. Current resistance at .01244…
Need to watch over next 4 - 8 hours to see if we can get a close above or below the current .01244 resistence.
1. If we get a close below resistance we can see price action move down toward minor support at .01201…. If minor support breaks further moves down to .01110 expected with potential stutters (even a move up) around the "stutter zone" .01192…
2. If we get a break to the upside of .01244… we could see price action continue bullish with minor resistance at the .01291… level. If this level is broken continued upwards to .013968..
I'm long on NEO. I'm expecting target 1 to be in reach as we have a nice confluence of M/D fibs zone at .01700000. this may take a minute to get there.
Need to watch over next 4 - 8 hours to see if we can get a close above or below the current .01244 resistence.
1. If we get a close below resistance we can see price action move down toward minor support at .01201…. If minor support breaks further moves down to .01110 expected with potential stutters (even a move up) around the "stutter zone" .01192…
2. If we get a break to the upside of .01244… we could see price action continue bullish with minor resistance at the .01291… level. If this level is broken continued upwards to .013968..
I'm long on NEO. I'm expecting target 1 to be in reach as we have a nice confluence of M/D fibs zone at .01700000. this may take a minute to get there.
Note
Looks like .01244... is holding currently as resistance. 15-30 minute charts has MAs crossed and 15 and moving together on 30minutes. MAs from 4hr to 1hr are moving together adding pressure to the downside. We have about 1 1/2 left on the current four candle, currently bearship, with a prior candle. Are we looking at a double top?? At close we should get a confirmation of downside action.I'm thinking we are going south...
Note
Note
Next support in sight going to be .0120.... 1hr MAs crossed to downside, 2-4hr MAs moving together.
Note
Continued downward pressure continued through the night. We have MAs about to cross on the 4hr. We'll need to wait for confirmation at the next 4hr close. 3hr - 15 min MAs crossed and price action moving towards or below 200 MA as you work down those charts.
Support at .01201... still in play for next possible reverse up.
Note
.02101.. holding current support on the 4hr. Closed above but spiking to it..Note
.01201.. still providing support on Day / 4hr charts. 3-1hr charts still have 8 & 18 MA moving together. On the 1hr we have a cross of the MAs and now a break to the downside of the 38 MA. Still waiting for a break and close below to see movement to the stutter zone. Although a bounce and rise to the upside is possible. We'll have to wait and see how we close the day and the next day or so. (long term)Note
We got a close below and a close above on the 4hr at .01201.. support level. Currently moving back up to test .0124 resistance.
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