Neo Looking Strong

Neo has given us hope as a strong rejection at $110 has formed a strong base with a bullish tweezer rejection of this Fibonacci level. We've since pushed past $129, the next Fibonacci level, to respect a point of control at $138, where Neo sits at the time of this writing. Today's candle appears to be forming a doji, which indicates investor ambivalence, which should not come as a surprise to readers, who by now should be aware that this has been the theme the past few days. The Kovach Momentum Indicators remain strong, indicating that Neo may be building a case for a breakout soon. This is supported by a narrowing in the band width of the upper and lower bounds of the KRI.

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