After falling off the ledge from $18.30, NEO has bounced nicely off the $15.50 demand zone. After the drop, we consolidated for a few days but Mondays spike up has continued to bring upwards momentum as we try and fill the wick.
EMAs have leveled off and the fast-moving EMA is starting to curl higher and price using it as support as well. We are confined inside the triangle and the supply zone coincides almost perfectly with the trendline & the dynamic trends resistance dots.
As long as we stay above the EMA and volume comes in as we approach and test resistance, we could possibly break through and test the $22 area.
Thanks guys!
EMAs have leveled off and the fast-moving EMA is starting to curl higher and price using it as support as well. We are confined inside the triangle and the supply zone coincides almost perfectly with the trendline & the dynamic trends resistance dots.
As long as we stay above the EMA and volume comes in as we approach and test resistance, we could possibly break through and test the $22 area.
Thanks guys!