It looks like NEO has been in a large bearish rising wedge since 1/29 or so, and as you can see the 50 EMA is dangerously close to the 200 EMA. A breakout from this wedge seems imminent but which way depends on what these next couple candles have to say. We're bullish on the MACD but we'll have to bust through both the 50 and the 200. Otherwise we could see the...
First chart ever, so take it easy on me. I'm looking at the Fib levels for the crazy run-up WEED saw around the new year. It seems we tested the .382 multiple times before ultimately falling through, and it is now acting as resistance. We've seen several tests at the .5 level and I think we will fall through and have to test the .618 level as well.
The dotted...
