Alright, fam, checking in on $NEO .
Looks like we've had a pretty wild ride the last couple of days. We hit a high of $6.96 yesterday morning, but couldn't hold it and got smacked down hard. The sellers definitely took control, pushing us all the way down to $6.12.
We saw a bit of a bounce from that $6.12 area, which looks to be acting as some decent support for now. However, the volume on that bounce wasn't super convincing. We're currently hanging around $6.31.
The immediate resistance looks to be around $6.45-ish. If we can get above that, maybe we'll see a retest of the $6.60s. But if this $6.12 level gives way, we could be looking at a trip down to test deeper support. Keeping an eye on volume here, it's pretty low right now, which doesn't give much confidence for a big move either way.
Stay nimble out there.
