Art_of_Trading
Short

NEOUSD: NEO Trending Market?! Follow Trend?!

NASDAQ:NEO   NEOGENOMICS INC
The market is going downward on NEO daily chart . It made lower lows and lower high and there is the old saying: “the trend is your friend”. Thus I am going to follow that trend.

The price is going up last few days and making its correction move and sooner the sellers will step in and the buyer start taking their orders. Those scenarios will push the price down and this is where I am going to sell as well. Moreover, there is a resistance level at 9.30, which is also same area as fibo 50%. The combination of both give a good probability setup.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out