NEO has traded up inside a rising channel until it hit long term resistance.
RSI is showing signs of retreating lower so I suspect that we will see price break the channel lower before the next major rise to break through resistance.
Good trading!
RSI is showing signs of retreating lower so I suspect that we will see price break the channel lower before the next major rise to break through resistance.
Good trading!
Note
NEO has moved lower as expected. Now watch current support level around 63.5 to hold else we should see price move to next level of support as shown.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.