NEAR surged 47% from its August 11 low of $1.53 to $2.28, and is now catching its breath at $2.25, just beneath that high.
An untraded price gap left behind during the surge ($2.03-2.08), the level that gives back about half the advance, and the one-month average price line all overlap between $2.05 and $2.10, which is why that band was chosen as the buy zone.
The $2.00 area is the last line of defence, where the one-month and two-week average price lines run side by side, so a break below $1.975 would mean this call was simply wrong.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
