Maybe smart to wait a bit before buying to maximize profit
Hi, I am a complete newbie so I limit myself to rather easy and straightforward analysis.
This was one of the first charts I analysed a couple of days ago but since the support zone and channel lined up I decided to jump and buy some NEO when it did bounce.
Haven't regret my decision so far, beginner's luck probably.
I am planning to buy more once NEO breaks both the second resistance zone and the middle of the channel since it seems it might go high in that case.
Does my chart and conclusion make sense?
All feedback on both the TA and my conclusion is more than welcome. Negative feedback is appreciated even more if it includes an explanation. ;-)
EDIT: the text box was not supposed to be published, but it seems I can't edit the chart anymore. Oh well, please forgive a newbie.
This was one of the first charts I analysed a couple of days ago but since the support zone and channel lined up I decided to jump and buy some NEO when it did bounce.
Haven't regret my decision so far, beginner's luck probably.
I am planning to buy more once NEO breaks both the second resistance zone and the middle of the channel since it seems it might go high in that case.
Does my chart and conclusion make sense?
All feedback on both the TA and my conclusion is more than welcome. Negative feedback is appreciated even more if it includes an explanation. ;-)
EDIT: the text box was not supposed to be published, but it seems I can't edit the chart anymore. Oh well, please forgive a newbie.
Still looking good, another confirmation of the trendlines and the support zone.
I would expect another climb to the orange trendline, and who knows maybe a jump to the upper part.