Long
NEO Analysis and bullish targets
NEO has hit both of our 2 targets called back in September as posted here
(complete past analysis on link below: "NEO possible reversal")
In this moment NEO is in a very bullish trend keeping above daily MA100, and having higher highs and lower lows.
If daily MA100 supports should fail (doesn't seem to) we would have acting as a huge support the historical uptrend (blue line).
Fibonacci extension suggests new target:
- 87s usd (1.618 fib ext) - most likely
- 132s usd (2.618 fib. ext)- likely
(complete past analysis on link below: "NEO possible reversal")
In this moment NEO is in a very bullish trend keeping above daily MA100, and having higher highs and lower lows.
If daily MA100 supports should fail (doesn't seem to) we would have acting as a huge support the historical uptrend (blue line).
Fibonacci extension suggests new target:
- 87s usd (1.618 fib ext) - most likely
- 132s usd (2.618 fib. ext)- likely
Note
correction on previous comment: higher highs and higher lowsNote
NEO eyes targetsNote
approaching targetNote
first target hitNote
second target hit
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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.
Related publications
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.