Novo Nordisk Stock Chart Fibonacci Analysis 050925Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 411/61.80%
Chart time frame: D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
Novo Nordisk's The recent drop in Novo Nordisk's stock price is attributed to several factors. A key issue is the company’s struggle to meet the surging demand for its weight-loss drugs, such as Wegovy. Although demand remains strong, investors are concerned about Novo Nordisk's ability to scale up production and
NVO absolutely sweet levelThis downturn is attributed to disappointing clinical trial results for some of its drugs and concerns over potential tariffs affecting Denmark. Additionally, competition from Eli Lilly's successful weight-loss drug trials has impacted investor confidence.
Despite these challenges, analysts note
Looking kind of LongAfter a really red day for Maersk it reached the main lower trendline and right away bounced back up.
I will first see if the price respects the lower main trend and the be looking for a good Long position for the coming days until it reaches the upper trendline on the lower timeline.
So far so
A.P. Møller – Mærsk A/S Bullish Sentiment OMXCOP:MAERSK_A is approaching a major supply zone around 12,800–13,200 DKK, which has previously acted as strong resistance.
The stock has been forming higher lows, respecting a long-term ascending trendline, indicating overall bullish structure unless that trendline is broken. In the short term
BAVARIAN NORDIC BAVA LARGE ASCENDING TRIANGLE FORMATIONHello Traders,
Here is my chart idea for Bavarian Nordic. This idea is solely based on me looking at the chart formation and no research has been done into the companies financials, potential upcoming vaccines or anything like that.
The price has been going sideways inside a large ascending triang
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