fittsjk

fittsjk

NEO is looking delightful on the 4 Hour. Nearing a bullish MACD cross, with potential for a breakout of the descending wedge trend over the next few days. I plan to accumulate in the orange zone, and possibly make some quick scalps in the pink zone, but I'm mostly looking for a major break of the 0.382 Fib level with a target at our most recent high of...

fittsjk Updated 

NEO is nearing key MACD crosses and heading towards key Fibonacci support levels. If it crosses the 0.382 Fib level, it's neatly between the key support and our previous long-term resistance set on 11/08/17 at $33.99. We could see a short term bounce off of the 0.382, but a short down towards the 0.236 would not surprise me at all before continuing its upward trend.

fittsjk Updated 

POWR seems to have found a momentary bottom at the 0.236 Fib retracement level, and is now dancing along the 0.5 with some bearish energy on the 30 Min and 4 Hour timeframes. We're on the verge of a bearish MACD cross on the 4 Hour, with some bullish momentum on the Hourly. I'm expecting a pullback to 0.32 Fib level before rallying towards our recent highs. We...

fittsjk Updated 

POWR is heading towards the 0.5 Fib retrace level after its recent high. This level happens to fall between a key short term resistance and our present support. Could be a good opportunity to, "reload the bags," as the kids say.

fittsjk

NEO could drop back to the $25-26 range if it falls below the neckline of support. Bulls must maintain support of $29.89 to reject the bearish momentum drawing us into a H&S.

fittsjk

BITTREX:NEOUSD in descending wedge, about the touch the 200 day MA. Possible bounce in the near future?

fittsjk Updated 

Clear signs of a bullish pennant after consolidation.