Neonode Inc

NEON remains in a Stage 4 decline with persistent lower highs and lower lows under declining EMAs. The active Lower Highs & Lower Lows pattern signals supply dominance, and price trades below the 9, 20, 50, and 200 EMAs with rallies into near-term EMAs consistently rejected. Despite extreme oversold conditions, there are no signs of a repair or stabilization phase. Execution should focus on selling into relief rallies into the declining 9 and 20 EMAs. The primary risk is a sustained reclaim and acceptance above these EMAs, which would invalidate the bearish bias.

• ↑Exclusive shift to licensing cuts product losses and targets higher margins
• ↑Secured key driver monitoring software license, fueling OEM pipeline
• ↓Product revenue fell 38% to $0.6M, straining top-line