NEO has been showing signs of strength on the daily with a positive 5/12 EMA cross, bullish MACD and On-Balance Volume increasing. It closed above the 50-day EMA and is now about to bump against the 100 EMA around 9.68. Pushing through this level, and the trendline could continue all the way up to the 200 day EMA somewhere around 14. 45% profit if the trend plays out. Watch for a close above 9.68 to buy and adjust stop loss as it moves up.
This setup is invalidated if we reject hard off the 100 EMA and move toward the 8.60s.
This setup is invalidated if we reject hard off the 100 EMA and move toward the 8.60s.
Comment:
Still looks good.
Trade closed manually:
Trendline support broken and now acting as resistance. Everything going sideways/down. 10.38 was the buy signal. Getting out.