Neo is trading sideways after the sharp bounce off the horizontal support by the Monthly R1 at 96, which also aligned with the SMA200. Currently we see an attempt to reach the upper end of the Cloud. The projected Cloud is bearish which will add resistance at that level, 156-60 zone. If price breach it we might see a spike with a return to the Cloud for a retest from above, or a return inside. If price leave the Cloud behing it will be a very strong signal and which will likely lead price to the previous high and the Weekly R1 at 198 and 210. If price bounce off the upper Cloud and breakout lower we are looking at 117 and below that the swing low around 90.
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Price failed to breakout higher and is seeking support by the lower Cloud and 1.39 (Daily S1). A close below the Cloud may trigger more downside, next support intraday, 1.28 and then 116