Hello, Traders!
NEO is out of the active trading range of $40.00 - $54.80. At the moment there is a retest of the downtrend.
The analysis of the cumulative delta shows the presence of interest of buyers.
Buy entry can be looked for in the range of $51.00 - $56.00
Stop-loss can be placed under $42.00
Downside correction targets
$76,00
$88,00
$106,00
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered a financial advice
NEO is out of the active trading range of $40.00 - $54.80. At the moment there is a retest of the downtrend.
The analysis of the cumulative delta shows the presence of interest of buyers.
Buy entry can be looked for in the range of $51.00 - $56.00
Stop-loss can be placed under $42.00
Downside correction targets
$76,00
$88,00
$106,00
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered a financial advice
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.
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.