Need to watch over next 4 - 8 hours to see if we can get a close above or below the current .01244 resistence.
1. If we get a close below resistance we can see price action move down toward minor support at .01201…. If minor support breaks further moves down to .01110 expected with potential stutters (even a move up) around the "stutter zone" .01192…
2. If we get a break to the upside of .01244… we could see price action continue with minor resistance at the .01291… level. If this level is broken continued upwards to .013968..
I'm long on NEO. I'm expecting target 1 to be in reach as we have a nice confluence of M/D fibs zone at .01700000. this may take a minute to get there.
I'm thinking we are going south...
Next support in sight going to be .0120.... 1hr MAs crossed to downside, 2-4hr MAs moving together.
Continued downward pressure continued through the night. We have MAs about to cross on the 4hr. We'll need to wait for confirmation at the next 4hr close. 3hr - 15 min MAs crossed and price action moving towards or below 200 MA as you work down those charts.
Support at .01201... still in play for next possible reverse up.
We got a close below and a close above on the 4hr at .01201.. support level. Currently moving back up to test .0124 resistance.