Neo Hit Hard

Neo once seemed unstoppable, but has continued to crash through support levels, hanging out at a Fibonacci level at $110 at the time of this writing. Below that is a Fibonacci Fan level at $106, then another Fibonacci level at $93. Hopefully the psychological level of $100 will provide support before then. We also appear to be in wave 2, but we are wrong if we can break relative lows at $93. In this case, the corrective phase continues. From above, we have a Fibonacci Fan level at $124, then a Fibonacci level at $129, which roughly corresponds with the central moving average of the KRI.

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