Neo seems to be preparing for next bullish move, after a clear retest of the iHnS neckline! Also, we can see that 100EMA is supporting it so even more reason to enter a swing trade now.
Current Price= 39.780 Buy Entry= 39.752 - 39.152 Take Profit= 48.981 | 64.997 | 99.482 Stop Loss= 34.689
Neo had a pretty bad start but managed to break out of the triangle and to regain 100EMA support. I think this trade could take way more time than I originally expected so I am taking some partial profit manually here!
#Neo following my brush drawing nicely, we decided to lower the 3 targets since it's taking longer. Risk/Reward ratios are still quite interesting, as shown in the chart!
Trade closed: target reached
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TP3 reached with +129.50% and +5.36R
After dipping back to buy zone, Neo pumped again stronger this time. Original last target at 99.482$ is still likely to be reached for mid-term!