NEO/USD: Consolidation ends
Former support at 15.50 has failed to hold the market. The long-term down trend once again resumes with a new price target of roughly 12.85. Below that there is a fuzzy extension level around 10.35 but reliability is limited (at this point). Regardless, down side potential is good enough for some trading short-entries with stops above 17.50<>17.55. For a true change in trend and/or shift in sentiment we want to see a move above 19.50. A rally which seems remote at this point, especially with such widespread selling.
Near term trend: negative
Long term trend: negative
Outlook: trend continuation, negative
Strategy: avoid or short-entry
Support: 15.50 / 12.85* / 10.35*
Resistance: 17.55 / 19.50 / 20.60 / 21.85
Outlook cancelled/neutralized above 19.50
Near term trend: negative
Long term trend: negative
Outlook: trend continuation, negative
Strategy: avoid or short-entry
Support: 15.50 / 12.85* / 10.35*
Resistance: 17.55 / 19.50 / 20.60 / 21.85
Outlook cancelled/neutralized above 19.50
Trade fermée: cible de profit atteinte
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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.