NEO breakout attempt

NEO edges higher after the failure to reach and retest once again the downside line of the minor down channel and after the false breakdown below the 50% line. Personally, I believe that only a valid breakout above the downtrend line and above the median line (ml) will confirm a further increase. Price needs to stay above the LML because a valid breakdown will invalidate a further increase. The next major upside targets will be at the 50% lines and higher at the upper median line (uml).


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