Zoomed out like this, we can see after the 10:1 Reverse split neonode/SBE chart reflects price per share now as 32,187 ATH June 5th 2000
(Before the reverse split, ATH was 3,218.70)
Basic support here from 2009/2010 here, if it falls below these levels there's no telling where it will land, however as long as we stay above this support it's still a hold.
This company has a lot of prospective hype in my opinion. Their technologies can improve our lives. It's going to be an interesting 2019 holding Neonode.
Price has broken out of the recent daily downtrend. At the same time there has been an increase in volume. This could turn into a long opp if a mini uptrend is established.
Signs for conformation would be closing above supply zone(s) and establishment of a new uptrend channel.
Once it breaks long term trend line, 1.86 look out. 1st wave $1.01 to 2.19, 2nd wave retracement to 1.50 (58.5%), 3rd wave to 3.50 (1.67 x W1) or 4.50 (2.67 x W1). ER out Mar 9th. By all accounts AirBar sales are excellent and automotive side expanding.
NEON has broken a lower degree trendline and now it seems ready to break the second one. It's possible one more test of the low before the big wave up. A breakdown on the dotted line can invalidate this setup.
