Neo had a good run for couple of months after a strong momentum to the downside. It did bounce in a triangle pattern before a strong breakout to the upside.
Volume decreased a lot lately and we are now in an overbought zone. We need a good volume and buying power to break the resistance line coloured white.
Above this area we can fly high if there is good volume. But first we need wait and see a candle or two above the resistance area. Until it does im not entering any trade.
Volume decreased a lot lately and we are now in an overbought zone. We need a good volume and buying power to break the resistance line coloured white.
Above this area we can fly high if there is good volume. But first we need wait and see a candle or two above the resistance area. Until it does im not entering any trade.