Since it’s peak at the end of April the bears have had their way with NEO. There's been a persistent downtrend in the market, but the bulls are strong and they won’t go down without a fight.
After every bottom we see a clear retrace to key fibonacci levels. Our aim is to use this strategy and take advantage of those retracement levels. We have found strong support at the $36 mark, so now we wait for the breakout.
Buy: 36.722 - 37.128
Target 1: 41.400
Target 2: 43.286
Target 3: 46.387
Target 4: 50.634
Stoploss: 35.581
After every bottom we see a clear retrace to key fibonacci levels. Our aim is to use this strategy and take advantage of those retracement levels. We have found strong support at the $36 mark, so now we wait for the breakout.
Buy: 36.722 - 37.128
Target 1: 41.400
Target 2: 43.286
Target 3: 46.387
Target 4: 50.634
Stoploss: 35.581