NEO has been a great addition to the portfolio, and has seen a 300% increase in the past few weeks. We are however starting to see the whole market pull back a little, indicating that we may see alts start to pull back from there massive gains they've been having. NEO has been pretty good in regards to EW/Fib theory, and if it continues this way, $150 give or take 6.66% ($10). Our indicators are showing that it's not quite overbought, however it is on the high end (RSI), while buying pressure has drifted off (OBV & volume). MACD is showing a very steep incline so we may be due for a pullback based on that, however it isn;t showing signs of reversal yet. If this were to pan out this way, I would suspect a possible pull back to the $85 area, and possibly even $50 (two strongest support zones, and $50 would line up nicely with EW/Fib)
Yorum:
Target hit. With volume decreasing and the OBV flat lining since mid December, we should soon see a correction. $100 appears to be the first target followed by $80