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InvestingScope
Sep 12, 2018 6:39 AM

1D Channel Down intact. Bearish continuation. Short

NEO / DollarBitfinex

Description

NEO has kept the 1D Channel Down intact (MACD = -1.341, Highs/Lows = -1.9246, B/BP = -3.4425) and is now approaching the August 14th bottom at 13.55. Despite the oversold action on STOCH, STOCHRSI, Williams, the Lower Low potential extends to and even beyond 3.79. However we continue to pursuit a more moderate short target on NEOUSD (TP = 8.78).
Comments
wannabuymymumahouse
Brilliant charts. Thanks for your help. Do you think Neo had a change in direction? Are you still bearish?
InvestingScope
@wannabuymymumahouse, Thank you for your kind compliment. There is no change. It is still within our Channel Down models.
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