1D Channel Down intact. Bearish continuation.

NEO has kept the 1D Channel Down intact (MACD = -1.341, Highs/Lows = -1.9246, B/BP = -3.4425) and is now approaching the August 14th bottom at 13.55. Despite the oversold action on STOCH, STOCHRSI, Williams, the Lower Low potential extends to and even beyond 3.79. However we continue to pursuit a more moderate short target on NEOUSD (TP = 8.78).