MACD looks to be reversing, however as a conservative trader who prefers to get into trades at optimal cost basis, I'll get in on this only if there's a double bottom to finish what appears to be a bull flag. Should NEO take off from here, and I miss my entry so be it. There will be other opportunities. I strive to only get the best entries in all my trades. I'd rather miss an opportunity than have the stress and risk of not getting the best entry.
Note
This is not financial advice, however if I were to get into a trade here I would personally dollar cost average my positions inside of the magenta box. with the largest purchases deeper/lower in the entry zone.Note
wow, $38 still holding
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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.