 Is NEO a buy at $35? Hmm, I'm Zeke and welcome to The Dream Green Show. In this video, I'm gonna do a complete marketing analysis just based off of price and price movement. I'm gonna pull up with charts and do a complete technical analysis over the stock NEO. Now NEO is a company that is a competitor towards Tesla in the EV community, electric vehicle community. Now they make batteries that power the electrical vehicles that are planning to switch out that you can just drive in, drop out a battery and then they're gonna drop in a brand new battery and you could drive out with a completely charged battery. It is an EV company that has been gaining a lot of buzz lately just because Tesla price is so high that a lot of buyers are not able to get in at that price but NEO sitting right at $35 might be an opportunity for a lot of investors to get in on an electric vehicle company that they missed out on on Tesla way back in the past. Now NEO has been on the steady incline over the last couple of months, gaining almost 600% since June. Now this company is fairly new and they've beginning a lot of buzz in the news so this company price goes up a lot based off of good news that comes out but we're gonna take a look into a technical analysis on NEO just to see if there's any pattern in this to see if buying at $35 is a good option or not. So before we check out if it's a good option or not make sure that you guys hit the thumbs up button on this video, it helps out this channel more than you can even imagine. Also this video is brought to you by Weeble. Sign up now by clicking the link down in the description deposit $100 and receive three free shares valued up to $1,600. Who knows you could receive three free shares of NEO if you sign up and deposit $100. But enough talking, let's go on heading down straight into the video. Welcome back dreamers, here we are. Here is NEO tickle symbol NIO right now that prices at $34.94 so pretty much $95. Right now we're on the four hour chart that mean if we zoom in every bar, let's zoom in even more, every bar right here represents four hours of the trading day over the last 180 days. So let's zoom out so I can show you guys how much NEO has gained. So right here on June 1st, if we click right there all the way up to this current high of $34.94, there you go, NEO has gained over 755% over the last couple of months. Now let's do a technical analysis. Here we are, I'm going to draw trend lines and then we're going to look at the volume MACD and then we're also going to look at the RSI. All right, so here we are in June. If we draw out this line right here, it is a resistance line. When it first had this boom, it went up, had a resistance line and then it traded sideways. So let's draw that one out right there to see if we see a pattern, a high and a low. And then it ended up breaking that pattern and shooting all the way up to a high right there. Let's draw that out. And then it traded in this channel right here of the low. All right, so it trade, it goes up, it trades sideways, it get close to the green line. The green line is the simple moving average line. That is the direction of which the stock is going in the average line. And once it get close to that line, it looks like it wanted shoots for a boom and then it reaches a hard time high, pull back and then trade in between those two channels. It almost touches right there again, goes back to the green line and then boom, it shoots up again. Let's draw that line one more time. Right there, there's a high and then there's another channel for the low. So it shoots way up high away from the green line, comes back closer to the simple moving average and then shoots up again. So bam, it broke right there. Let's zoom in. It broke right here. All right, trade in between there. Got closer to the green line again and then boom, it shot right back up. Let's draw that one more time. It started to get closer to the green line again and then boom. So right now, this is where we are at $34.94. Let's zoom out. Now, just looking at the patterns based off of all the good news that's coming out and a lot of investors investing to EV companies. It looks like to trade, some good news come out, it shoots really, really high and then it pulls back to a resistance level. It trades sideways until almost touching the green line. Good news comes out, it shoots really, really high and then trades sideways again. Good news come out, trades really, really high. Then go sideways again, good news come out, goes really, really high, trades sideways. Great news that came out, went really, really high. So now, is this the new high? I can see Niyo going from anywhere between $36 trading sideways from here on out all the way over to it pulling back to anywhere between the $29 to $30 price range, trading sideways. And to eventually the price points catches up to this green line right here. And then you can see Niyo preparing for when some good news come out, it's gonna shoot up really, really high again. But that's just based off the patterns of what Niyo has been doing over the last couple of months. Now, the volume has been really, really good. It shoots up super high when good news comes out and then it comes back down and then it shoots up really high. So if the MACD end this up coming back and crossing back over and selling off, it is gonna trade in between these two channels right here and to eventually catches up to the simple moving average line. Some great news could come out. And if it does, I could see Niyo shooting from $34, $35 all the way up to $38, $39 to the $40 price point just based off the patterns of what Niyo has been doing over the last couple of months. Now, the RSI let us know when the company is overvalued or when it's overbought and then usually when it's overvalued like super high way up here, it usually pulls back a little bit. So, but it's kind of different when company have some great news come out that Niyo has been coming over the last couple of months. So right now it is overbought. So it could pull back if it does if the RSI does pull back to where it's oversold like right here, that might be a great buying opportunity. So if you got in right here when it's oversold and pulled back to its old resistance lines and then it shot off again when some great news came out. So that could be the play on what's about to happen. Right now Niyo is around $35. If it does pull back, it might be a good time to pick up some shares and hold it all the way up until $40. Now, if we zoom in a little bit more, that is the four hour 180 day chart. Now let's zoom into the one hour 20 day chart. You can see it even more true. It comes very, it touches the green line and shoots up. It touches the green line and then it shoots up. That's how it's been over the last couple of months with Niyo. So you can see Niyo trading sideways until it eventually touches the green line. Good news come out and then it's gonna shoot up again based off the patterns that it's been having the last couple of weeks. So yeah, you can see it even more clearly when you zoom in only one hour 20 day chart. Once again, every bar on here represents one hour and this whole chart represents the last 20 days of Niyo. And there we go, dreamers. Let me know down in the comments section what are you planning to do on Niyo? Did you miss out on Tesla? And this is your opportunity to pick up an electric vehicle stock that you missed out on with Tesla. Let me know if you're already an investor of Niyo and will you be a supporter of their products? Would you drive their cars? Or would you get the Tesla Cybertruck or the Model X or the Model Y? Let me know down in the comments section down below. Or let me know what price point would you be comfortable picking up Niyo at down in the comments section. And while you're down there, make sure you hit the thumbs up button and it helps out this video more than you can even imagine and also subscribe to the channel so you don't miss out on any future videos. But other than that, I'm Zeke, bringing you to Dream Green Show. I'm out, peace.