Neo seems to be in a potential inverse head and shoulder pattern and seems to be respecting it for the moment.
Keep in mind that a downtrend line within the right shoulder has been drawn and this resides within the right shoulder.In order to see the right shoulder play its part that would require a breakout from the downtrend line.
A potential target for the IHS is placed at 95+ levels and keep in mind a nice breakout to the upside would be possible as soon as we see the trendline on RSI breaking out.
A major move could be in the offing at any moment.
Keep in mind that a downtrend line within the right shoulder has been drawn and this resides within the right shoulder.In order to see the right shoulder play its part that would require a breakout from the downtrend line.
A potential target for the IHS is placed at 95+ levels and keep in mind a nice breakout to the upside would be possible as soon as we see the trendline on RSI breaking out.
A major move could be in the offing at any moment.
