$NEO Technical Outlook

​Currently, the price is in a nice upswing within a wider range, moving away from the $2.395 support. The Moving Averages have aligned bullishly: the MA(7) and MA(25) are below the price, indicating an uptrend, while the MA(99) is just above.

​However, the major resistance at $2.654 is now acting as a roadblock. The volume has spiked on this upswing, but is tapering slightly at this high level. For a continuation of the uptrend, NEO needs to decisively break above $2.654 on good volume. Failure to do so could lead to a healthy re-test of support around $2.500 or $2.400.

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NEO

2.578

-2.05%