Technical analysis by Miketubarao about Symbol NEO: Buy recommendation (12/16/2024)

NEO is showing good strength towards the last bull run highs is trying to get above anchored vwap from jun 2021 and is above value area high from dec 2021 to now. Moneyflow is increasing and momentum is shifting to bullish in the higher timeframes suggesting a continuation. If it manages to close a weekly candle above $22,50 would increase the probabilities. The target is between fibonacci retracement levels, monthly level, point of control/value area high from feb 2021 to dec 2021.TARGET: $44,33 TO $54,76 up to (+200%)