NEO Price Analysis

NEO Price Analysis: Rising Wedge Pullback

NEO is slowly creeping higher inside a rising wedge formation visible on the 1-hour time frame. Price just bounced off the resistance and might be due for a test of support soon. Applying the Fibonacci retracement tool on the latest swing low and high shows that the 61.8% level lines up with the wedge support. This is also around the 200 SMA dynamic inflection point, which adds to its strength as…
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