$NEO - 1D StochRSI oversold - Breakout trade
Neo looks close to breaking out to the upside. The 1D StochRSI is heavily oversold, and the price has bounced off of the 1H 50SMA.
A quick glance at the 4H Ichimoku Cloud also show a flat Kijun and flat Tenkan, indicative of a pullback to touch the Kijun at the .0064 level which also corresponds to a pullback of the 50% Fibonacci.
A quick glance at the 4H Ichimoku Cloud also show a flat Kijun and flat Tenkan, indicative of a pullback to touch the Kijun at the .0064 level which also corresponds to a pullback of the 50% Fibonacci.
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Watching this level closely: