sarged

NEO short setup

Short
NEO despite being oversold generally and having volatile run ups recently, has been continuously rejected. Even after shooting a crazy wick 20% above the resistance.
On a longer time-frame it is trying to form an ascending channel and it should be generally bullish as long as it remains in it. But short term it will likely seek support a bit lower than it is now. I encourage safe trading.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.