NEO at resistance
Updated
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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