Hi, friends.
NEO is below the max volume of this week now. It means that we have a bearish pressure for the last few days.
But in general NEO have a buy priority. For now is better way to waiting while the price reaches a support zone 115.5-118.5.
Trade recommendation:
Entry point: 118.5 (aggressive) or 115.5 (conservative).
Stop: 108.95
Target1: 133 (@POC this week)
Target2: 140 (@POC january)
Glossary of terms
NEO is below the max volume of this week now. It means that we have a bearish pressure for the last few days.
But in general NEO have a buy priority. For now is better way to waiting while the price reaches a support zone 115.5-118.5.
Trade recommendation:
Entry point: 118.5 (aggressive) or 115.5 (conservative).
Stop: 108.95
Target1: 133 (@POC this week)
Target2: 140 (@POC january)
Glossary of terms
- Point of Control (P O C) – The price level for the time period with the highest traded volume .
- Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
- Balance - Accumulation Area.
- F L - flat level.
- T L - trend level.
- Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.