NEO may need to back off in short term, before power gain.

NEO may go some downward to 13,400 - 12,000 area before upward. Actually NEO in bullish trend. But 2 levels need to watch for buy points, for my opinion.

1st, if price down to 13,400 - 12,000 area - which is EMA's give support - I will follow the attitude of the area. If this area make supportive attitude, someone can buy.

2nd, if price breaks up 16,750 resistance level, someone can aim 19,750.

And general view is NEO in a cup or cup-handle formation. So in long term, we can watch for 32,700.

Comment:

Why you didn't buy when price is 13,400 ? :)