NEO looks to completing a Cup & Handle Formation! Looks Bullish!
- Massive Cup & Handle looks to have formed, right now, Handle is forming. If Handle continues as should, expect a breakout of upwards price movement, possibly to ATHs.
- Mini Ascending Triangle has formed on the Handle of the Cup, a very bullish sign and indicator of further breakout upwards to come.
- Bollinger Bands determine breakout and trends. Bollinger Bands were previously narrow as trend continued to consolidate, BUT as Bollinger Bands begin to widen (as they are currently doing), this signals a breakout is imminent, most likely bullish based on the likely possibility we are in the formation of the HANDLE.
Bình luận
⋅
RSI @ 78, indicating NEO is overbought.
MACD just recently crossed, signaling breakout. Watch uptrend, if price movements can breakout of the Ascending Triangle and move past resistance levels, expect further bullish movements.