Hello, Traders!
February correction took the form of consolidation. NEO is moving in a sideways range of $36.00 - $45.22 gaining strength to surge.
Entry in the position can be considered in the range of $42.75 - $45.22
Stop-loss can be placed under $38.60
Purchase targets will be Fibonacci extension levels based on the trend:
$ 54,16
$ 61,05
$ 67,94
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered as a financial advice
February correction took the form of consolidation. NEO is moving in a sideways range of $36.00 - $45.22 gaining strength to surge.
Entry in the position can be considered in the range of $42.75 - $45.22
Stop-loss can be placed under $38.60
Purchase targets will be Fibonacci extension levels based on the trend:
$ 54,16
$ 61,05
$ 67,94
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered as a financial advice