Seems like Neo is headed for a downward turn after it sparks up to its high of yesterday's price $56. I have marked up its 3 key line prices for Neo to watch for. The most important price is its heavy support at the $50 price point I'm almost certain we will be touch this supporting line within this week and it will be something I will be paying close attention to. If we can stay within the $50 support it will determine whether we can bounce back to the $60 price range, BUT if we lose our support at 50 we are looking at the all time lows of $40 range from last week. The 40 price point is weighing in favor more than the bullish
scenario I have said. For now I'll be holding cash in order to buy in at the low 40 dollar price point which I have boxed up in the graph as a buying opportunity for yourselves and I.
To recap. 3 key lines -> 1) $56 bull trap I'm expecting within the next 2 days.
2) $50 key support will determine if we go up or down.
3) $44 all time low that I will be expecting to happen once we lose our key support at $50.