Neo bounced nicely off the 50%FIB level back on the breakdown from the channel and has since bounce off the demand zone and is trying to make its move back up to the supply zone around the 1.618%FIB at $19.50. There is a resistance spot around $19 before getting up to the supply zone but RSI looks like it could be coming down after getting near resistance.
While MACD histo has turned positive and the signal line just recently crossed over bullish and could spell for more upside in near future. A small pullback here to reset the RSI could help fuel a move higher later on so something to watch here.
Thanks guys!
While MACD histo has turned positive and the signal line just recently crossed over bullish and could spell for more upside in near future. A small pullback here to reset the RSI could help fuel a move higher later on so something to watch here.
Thanks guys!