As stated in my previous post, im very bearish on NEO. The worst is still yet to come:
NEO actually did break above the rising wedge momentarily, but it seems it was only to hit the measured move target around the $23.50 area out of the tiny bull flag within the rising wedge formation and then just come straight back into the wedge with weak momentum.
We're still seeing lots of bearish divergence and even if we continue to move up, which i doubt, it'll just show even more bearish signals. Target breaking down is still an ugly $14.40, which negates the past two weeks worth of gains. I hope you take your profits because overall we're still in a traders market until the bears have released its grip on the market.
The good news is we have had above average volume which is always good to see because only big volume can disrupt this very bearish pattern NEO is in so maybe with some luck we can make something good come out of something bad :)
Good luck trading!