You can notice across the indicators and chart that there is a cup handle forming. I think we will be able to hold and not go down to much deeper because on the
daily chart MACd has flatten out to curve pattern well below the historgram, and the RSI is severely oversold for NEO. We will see how things will play the next week.
As you can see the RSI support held and if the volume stays strong and increases gradually, we will be on a solid uptrend.. any one that followed this TA congrads, you just made a 3% profit.. keep eye on that macd and RSI for any reversals.
OK guys rsi is at a pivotal position and we are getting signs of convergence.. keep a eye on that macd too. when you see the macd cross for potential upturn go in.. compared to a 1-1 extension from the previous 5 wave structure we should be up to the 2700 sat range
ok guys this is a strong TA stand point a real good chance for you guys to be super duper profitable. SO if you look at the rsi, there is a clear support at the 26 rsi level.. SO Watch the macd and RSI closely for confluence to enter a trade. Confirm on the macd and rsi level 75 to confirm your convergence and divergence to exit. By the macd and rsi I believe we...
As you can see on the daily, we form a nice 5 way structure that holds on neo with a ZIG zag ABCDE correction... this is on a daily time frame.. The Candle sticks, MACd, and Rsi show confluence that in my opinion if we hold at the .618 refib and bounce.. we should see the end of this long drawn out correction period. Be a super profitable position to enter once we...
On a daily chart you can see the 5 wave structure with a nice ABC correction. the yellow line is the tread line, showing its final consolidation phase.. The RSI shows it is over sold and the macd is tight.. it is hovering on the fib .50 support zone.. Its not in the golden zone but if it bounces it should be nice 2-3% pump..