NEO. A reverse turn upwards?
https://app.icex.ch/en/feed/technical-analysis/4536-neo-a-reverse-turn-upwardsNEO bounced up noticeably from the minimums of the beginning of the month, the rate drew an upside turn on the charts.
On the weekly chart we see a "bullish absorption" - white candle completely covers the previous dark one. However, on the daily chart we see a purchase signal from MAcross holding on for several days.
Of course, on the weekly chart, the long-term trend is still a downward one. However, now it’s questionable.
The next most likely development is the continuation of the climb to $85 and a subsequent return to the current level of about $ 65.
And then we'll see how strong are the buyers.
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