The once mighty Neo has seen a drastic correction, blazing through the vacuum zone created by its epic rally to $200. It finally found support after an astonishing 50% retracement to $100. In particular, we have some support where a Fibonacci level and a Fibonacci Fan level meet at $102. This also seems to coincide with the central moving average of the KRI. Both Kovach Momentum Indicators are still somewhat strong, respectively, but are definitely starting to turn given current events. If we break further, we must consider levels sub $100 for support. The nearest appears to be around $83, again at the intersection of a Fibonacci level and Fibonacci Fan level.
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