Neo trying to break out
NEO here is attacking it's all time highs at 55
If we can sustain and hold that 55 level, then it's a great long.
Otherwise, we can expect a pullback back down to the consolidation breakout level of around 45.
Over all the trend is bullish, and if we get further consolidation, we should still be able to
break out above that 55 level.
Long Above 55
Target: 82 at 161.8% FIb extension
Target 2: 97, measured move of consolidation range
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If we can sustain and hold that 55 level, then it's a great long.
Otherwise, we can expect a pullback back down to the consolidation breakout level of around 45.
Over all the trend is bullish, and if we get further consolidation, we should still be able to
break out above that 55 level.
Long Above 55
Target: 82 at 161.8% FIb extension
Target 2: 97, measured move of consolidation range
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Sign up for TastyWorks - The Broker of the Future:
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Twitter:
@BerlinTrader591
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