Novonordisk
NVO, Novo Nordisk A/S - Potential Breakout on Ascending TriangleNYSE:NVO
Very close to the breakingout of this ascending triangle, in this case pattern of potential continuation of the trend, after a reversal already occurred in 2018.
If it were to break up, the first target would be $58.
The management of the position, the definition of the entry point and of the exit point in case of loss are what count more than anything else, also of the strategy.
finance.yahoo.com
NOVOB: Multiple patterns confirming big short opportunityI know most folks on this website are not trading NovoB but it is always nice to see multiple patterns coming together to confirm a trade. So we have a potential CD leg forming on NovoB with a c.-40% downside target to the congestion zone between 180 to 200. What is interesting the completion of a 135 pattern which forms the BC leg of the larger ABCD. Still looking for those longs but this market is not making it easy!
