NEO Price Watch: How Low Can It Go?

NEO has been trending lower since breaking below a rising trend line and complex double top. Price has completed its retest of these areas of interest and is setting its sights on the next support zones.
The Fibonacci extension tool shows where NEO might head next, with the 38.2% level lining up with the swing low at $58. A break below this level could take NEO down to the 50% extension at $54.54 or the 61.8% extension at $51. Stronger selling pressure could lead to a move to the 78.6% extension