Neo looking to come back to support and then make a big/bigger move upwards.

Hopefully, everyone has taken profits by now and looking to move back in at $32.

It’s 100% overbought (Check RSI ) at the moment and will continue to be sold until it comes back.

This is a classic example where support becomes resistance.

This resistance/support has been stopping NEO from going up since mid October which is the majority of NEO’s life.

Be patient and i’ll keep you updated!
@dcaluzzi Thank you for the analysis. Missed the sell at 40-41 and it's down and up again.
Still think it'll go down to 32? The support was pretty strong at 36 no?
dcaluzzi ZulfMan
@ZulfMan, It's still in overbought territory, unless we see another big move upwards, I still believe it'll come back down.
Good analysis, hope it plays out this way as I missed this last move.
The 61.8 I meant to add
I agree it’s going to drop. You think it will go past the fib retrace?

dcaluzzi dropd01
@dropd01, Good point, I'd say there's a support at around $36.00 as well. Depending on the indicators i'll look to buy at $36.00
dropd01 dcaluzzi
@dcaluzzi, I am playing a short from 39. Look to get out around 33 @ the 61.8 or so
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