I am cautiously calling the bottom on NVO
It might be a bit early to call this a bottom, especially given the unpredictable market, but I’m noticing a few key signals aligning:
That said, stay cautious—this setup has tricked me before.
- The 8/21 curl following a double bottom
- A break above the 50-day SMA occurring on a red day like today
- Momentum shifting positive and being released from a squeeze
That said, stay cautious—this setup has tricked me before.
Dad, trader, technologist, cyclist, and a modern stoic who loves dachshunds, espresso and landscape photography in no particular order.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Dad, trader, technologist, cyclist, and a modern stoic who loves dachshunds, espresso and landscape photography in no particular order.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.