Technical analysis by drporta about Symbol NEO: Buy recommendation (11/7/2023)

Ideas combine Dow theory, Wyckoff and Fibonacci. No other indicator used. Neo is currently moving down after a huge selloff. After careful examination and looking for the equilibrium zone, it is found that highest probability zone for optimal buying sits between 11.87 - 11.58 area (between the 0.382 - 0.05 levels) A candle-close below 11.58 will invalidate the idea. Looking at a 36 min chart here.