NEO Tags ATH, is a Double Top in Place? - 12-18-2017

NEO continues to push higher, unencumbered by the previous 2.5 month range. The power of this move was fully expected, as I called out many times that the bulls were using that range to accumulate their positions.

This is why I prefer to call it accumulation and not consolidation as it is an active period for the big money traders.

There is now a double top so we need to watch the price action as there may be a pullback if this leg of the rally is over.

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Disclaimer: This post is for educational purposes only. Trading is at your own risk.