NEI has also been bearish, trading within the falling channel marked in red.
However, from a medium-term perspective, NEI has been trading within a large range marked in green, and this week, it has been approaching the lower boundary of that range.
As long as the $0.005 support level and round number hold, I expect the bulls to step in from here, especially once the falling red channel is broken to the upside.
However, from a medium-term perspective, NEI has been trading within a large range marked in green, and this week, it has been approaching the lower boundary of that range.
As long as the $0.005 support level and round number hold, I expect the bulls to step in from here, especially once the falling red channel is broken to the upside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.