NEO is forming a cup and handle

٣ مايو ٢٠٢١

NEO is forming a cup and handle. I expect the price to reach the 120 resistance area. After 120 I expect a pullback (handle will be formed) then the cup and handle formation will have 160 as target.

Stoch RSI has plenty of room to go on daily and weekly charts.

Here is my trading idea:

Long Neo @ 110
Take profit: 120
SL: 99