Neo needs to hold this line

2017년 12월 6일

Neo has been moving in this major falling wedge for quite some time now. Usually this will lead to a reversal and it seems that NEO has made 5 corrective waves. But as of now the indicators are not very outspoken about a move upwards, although there is some bullish divergence on the MACD. I think the main thing now for NEO is to hold this yellow support line. If it breaks through it might get ugly.