After 4 days of consecutive growth, the price of NEO has recovered more than 80% from the loss which was registered on the 11th of October.
For now, it seems that the first obstacle in the way of going even higher is the 20 days Moving Average. If this level will be broken, we can consider that the price's position between the latter and the upper standard deviation of the Bollinger Bands as a confirmation of the bullish trend which has started on the 12th.
This scenario is also supported by the MACD's crossover and if it will happen, the next level where the price may encounter difficulties is the Resistance Level of 18.08$.
On the other hand, if the price will fail to cross the 20 days MA and it will also go below the Pivot Level of 16.71$, then the next target prices for the medium term can be considered 15.27$ and 14.59$, in extension.
For now, it seems that the first obstacle in the way of going even higher is the 20 days Moving Average. If this level will be broken, we can consider that the price's position between the latter and the upper standard deviation of the Bollinger Bands as a confirmation of the bullish trend which has started on the 12th.
This scenario is also supported by the MACD's crossover and if it will happen, the next level where the price may encounter difficulties is the Resistance Level of 18.08$.
On the other hand, if the price will fail to cross the 20 days MA and it will also go below the Pivot Level of 16.71$, then the next target prices for the medium term can be considered 15.27$ and 14.59$, in extension.
