Neo is trapped in a downward channel. Today it tried to break free on the upside. The break got sold though and Neo is trapped again. Look for new declines till at least the previous bottem (40-45 area), maybe even lower.
Note
Careful guys, I may have posted too soon. Neo on a new attempt.. actually at the 4 hour bars resistance allready broken!Trade closed: target reached
Switching to long position, see fresh idea
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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.