The price of Neo has broken out off of the triangle in which it was correcting from 15. of January. It has retraced since to retest the prior resistance for support and it looks like support is there. After a retest the price has been consolidating in an ABCDE triangle and it looks like it's ready for a breakout to the upside. The target for that particular breakout would be slightly below 0.382 Fibonacci retracement level at 78$. I think this is a start of the wave 3 from a larger count which target is at 1.272 Fibonacci level at or 166$.
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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.