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Trend Hunter performance since 2015 for this symbol

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Weekly forecast NEO technical chart
Symbol NEOUSD

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (5.45 to 4.90). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 6.65, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 6.65 and expect to reach short-term targets.

  • Beginning of entry zone (5.45)
    • Support on 12/07/2018
    • Support on 12/08/2018
    • Support on 12/09/2018
    • Support on 12/11/2018
    • Support on 12/13/2018
    • Support on 12/14/2018
    • Support on 12/15/2018
    • Support on 12/16/2018
    • Support on 03/13/2020
    • Support on 03/18/2020
    • Support on 03/19/2020
  • Ending of entry zone (4.90)
    • Support on 03/16/2020

DateSun, 03/22/2020 - 16:32
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 4.00, beginning of uptrend is expected.
  • We make sure when the resistance at 16.70 breaks.
  • If the support at 4.00 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 56 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 4.01 on 03/13/2020, so more gains to resistance(s) 6.65, 7.80, 9.35 and maximum to Major Resistance (16.70) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 32.

Take Profits:

  1. 7.80
  2. 9.35
  3. 10.35
  4. 12.45
  5. 13.40
  6. 16.70
  7. 19.70
  8. 30.50
  9. 44.60
  10. 68.90
  11. 88.10
  12. 108.10
  13. 197.90
Click on the level to view price action history.

Symbol Released Current Forecast
NEO (NEOUSD) Mon, 25 May 2020
NEO (NEOUSD) free Sun, 17 May 2020
NEO (NEOUSD) free Sun, 10 May 2020
NEO (NEOUSD) free Sun, 3 May 2020
NEO (NEOUSD) free Sun, 26 Apr 2020