NEO has shown a ton of support at $27. Without China risk, NEO stays above $27. Negative China risk seems exhausted, positive China news will be a huge catalyst for NEO. Buy at $27 for day trading or a longer term position, good buy at that price.
Kommentar:
The 0.5 retracement level seems to be shutting down NEO rallies. However, this coiled spring is bound to pop sooner or later. If NEO pushes through the $34 with significance then a push to wedge top at 0.618 level is a reasonable TP level, set $2 trailing stop at $33.