hi guys,
NEO is forming a very nice pattern here. The price is already going up towards the resistance, the stoch- and the rsi are in our favour.
I think there are two possible outcomes here:
option 1; NEO will rise and breakout. If so our target wille be $51.
option 2; NEO will meet resistance and be pushed down again towards $34. hopefully we will meet support here and be pushed back to the resistance and than breakout. In this case our target will be $49.
i think option 1 is the most likely to become reality. Pay good attention when we meet the resistance, if we do not break the resistance you can make some profit by selling.
please leave a like if you agree with my idea and post a comment if you think i made a mistake :)
disclaimer: all of this is my opinion, do not take this as financial advice.
NEO is forming a very nice pattern here. The price is already going up towards the resistance, the stoch- and the rsi are in our favour.
I think there are two possible outcomes here:
option 1; NEO will rise and breakout. If so our target wille be $51.
option 2; NEO will meet resistance and be pushed down again towards $34. hopefully we will meet support here and be pushed back to the resistance and than breakout. In this case our target will be $49.
i think option 1 is the most likely to become reality. Pay good attention when we meet the resistance, if we do not break the resistance you can make some profit by selling.
please leave a like if you agree with my idea and post a comment if you think i made a mistake :)
disclaimer: all of this is my opinion, do not take this as financial advice.