Potential Dip Buying
The bullflag on the daily failed and NEO saw a sell off comparable to other front line alts. Falling below the 350 MA and breaking the major trendline is bearish. However we have the minor trendline and the 250 MA that can act as support. There is some confluence with the horizontal resistance ~$10.60. It should be noted that NEO originally broke over the 250 MA in early April and fell below only to finally cross in early May. It's possible this could happen again with the 350 MA. If the price doesn't bounce from this area, we'll have to watch the ~$9 and ~$8 levels. If neither of those hold we'll probably retest the yearly lows.
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