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Technical analysis by RizeSenpai about Symbol NEO: Buy recommendation (4/23/2024)

https://sahmeto.com/message/1709677
RizeSenpai
RizeSenpai
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Buy،Technical،RizeSenpai

NEO has formed a massive Double Bottom structure that has been in development since late 2018 and now nearly 6 years later is attempting to NEO has once again claimed the 21-Month SMA as support and aims to break back above the 0.886 Fibonacci Retrace. If it is successful in this we could see this be the start of a massive move to the upside, capable of taking it all the way up to as high as $140 a maybe even higher after that, though there may be a bit of resistance up at $56 level first as that aligns with the 0.618 and historical horizontal resistance.

Translated from: English
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Signal Type: Buy
Time Frame:
1 month
Price at Publish Time:
$19.67
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