NEO - Possible Head and Shoulders Pattern?
Updated
NEO Looks like it could be in the process of forming a Head and Shoulders pattern, (30-minute time frame). I would suspect that we will know one way or the other in the next 3 - 6 hours.
Neo has had an incredible run the last couple of weeks, so it is possible it might be ready for a pullback. IMO there appears to be pretty good support throughout the $90 to $105 area, below that $80 looks to be a pretty good support area also. I still have a position in NEO and remain very bullish long-term.
Neo has had an incredible run the last couple of weeks, so it is possible it might be ready for a pullback. IMO there appears to be pretty good support throughout the $90 to $105 area, below that $80 looks to be a pretty good support area also. I still have a position in NEO and remain very bullish long-term.
Note
Looks like a false alarm on the Head and Shoulders which is fine by me, I would love to see NEO keep right on climbing!
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