After testing the $32 level a few days back, NEO quickly gathered itself to push above that level and confirmed it with the close of the daily candle.
Test, Gather, Break
Looking at the chart you can you see the first attempt at the $32 level just a few days ago (discussed in my previous post).
We got a two day pullback to digest that big move from $20 and then the price rallied to break through $32 on the second attempt.
The green candle close today near $36 confirms the breakout, which now turns that $32 level into a support. So that becomes our new bottom for now and the next target on the upside is around $44.
We shall see how price plays out over the coming days!
Best Regards,
