Novo Nordics about to finalize wave (3) with a wave 5Is seems NOVO is about to finish a minor wave 2 now to continue higher with an impulse to 5
There should be a long way to go still and targets between 1000 and 1400 are in reach
NOVO_B trade ideas
NOVO NORDISK potential BearishNovo Nordisk is at a low point right now. It seems like they are getting support and could rise high very soon.
$NOVO #Novonordisk$NOVO #Novonordisk in the golden pocket. We should see some consolidation and would like to see if 700DKK hold.
NOVO NORDISKBIG BEARISH DIVERGENCE IN THIS STOCK, The fall was led by SUPPLY CHAIN ISSUES on one of best selling product lines "Wegovy", but the product it self is not the challange.
I BELIEVE THE FALL WAS MORE BASED ON TECHNICALS THAN FUNDAMENTALS. AS THIS STOCK RARELY SEES ANY BIG DROP LIKE IT DID, THE DRAWDOWN ON THE DAILY WAS ALMOST 17% AND CLOSED THE DAY AT -11% WHICH IS MAKING A COMEBACK.
End of the Road for Novo Nordisk. NVOAnother impulse done and dusted. Divergent, now looking out of steam.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
$NVO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NVO after a Positive under reaction following its earnings release placing the stock in drift A.
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$NVO Trade ideaToday NVO got over resistance and did not look back. I noticed some bullish sweep call flow today that caught my attention. The 2022 dated calls had a low OI. It gapped up today at open with strong conviction. I am planning on entering a trade at a dip near today's gap placing the 2.618 as a target. I'll be looking at the 78-80 area as a possible stop loss in case it is not able to get over the highs. IV on options are close to the lowest historically so it leads me to believe that we'll continue this bullish trend. As long as this week's low holds, I'll keep swinging my position.
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There has been a Ichimoku Cloud break, Green Clouds and a Channel Break upwards.
$NVO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NVO after a Negative Under reaction following its earnings release placing the stock in drift A
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Novo Nordisk - Decision between two channelsNext months will show, where Novo Nordisk is heading. No position yet.
$NVO with a bullish outlook after its earnings #Stocks The PEAD projected a bullish outlook for $NVO after a negative under reaction following its earnings release placing the stock in drift D
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