The Hourly View for NEO
- At the moment, NEO’s price is up $0.05 (0.55%) from the hour prior.
- It’s been a feast for bulls operating on an hourly timeframe, as NEO has now gone up 8 of the past 10 hours.
- Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
- Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
NEO’s hourly price chart is shown below.
The Daily View for NEO
- Currently, NEO’s price is up $0.05 (0.56%) from the day prior.
- This move is a reversal from the day prior, which saw price move down.
- Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
- The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Below is a daily price chart of NEO.
Featured NEO Idea From TradingView
Below is a trading comment entitled AUDUSD 1330 PIP LONG! you may find interesting:
AUDUSD LONGWhy are we entering?- Expecting AUD strength and USD weakness- We have completed our bullish corrective wave and we are now at point C & our 1.272 fibonacci level where we are expecting a bullish impulse- We have completed our 5 subwaves down to our channel support where we are expecting strengthWhat are we waiting for to happen?- Price to reject our 1.272 fibonacci level zone- Rejection of structure levelEntrySAF…
— Pips-Collector
The post NEO Enters Today Up 0.56% appeared first on CFDTrading.
This post first appeared on Complete CFD Trading Guide, News And Analysis, please read the originial post: here
