NOV trade ideas
NVO - good fundamentalsNVO scored high on my picking software, mostly due to its good fundamentals. I look forward to see how the stock will perform in the future. Tradingview indicator shows 10 indicators to sell and 4 to buy.
18 Month take on NovoI have no interest in this stock myself, testing myself on this stock while trying to guide a friend of mine.
Happy trading
NOVO_B Bearish
Right before Q1 Novo_B is displaying, for medium term, further bearish trend. Take note of the bullish divergence that could bring the best scenario for the Q1 day- the level of 315 kr. The monthly and weekly charts are bearish and probably further downside action. As for the harmonic patterns I am looking for an ABC bearish pattern where the swing BC will end on around 224 kr level or so (notes on chart). The breaking of the macro support trend line is something to watch closely.
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!
Long-term short NVONYSE:NVO
WHY
- in sync with the broader market, topping pharma stocks demonstrate major divergences shown in chart
- I see confirmation on W frame in form of bearish engulfings and overall look and feel of the pattern
NYSE:NVO
TRADE DURATION and PROFIT TARGET
- as a target I will be looking at least for 100% distance of the 1st wave down
- this is where the price should meet 200MA on M basis sometime in 2020
HOW
- short stocks with risk reward 5.7
- avoid options as this is long-term
- consider shorting other pharma stocks or ETF to further exploit the move
ENTRY
- short immediately based on W chart, D frame does not add clarity
NOVOBC- High & Tight Flag bullish continuation Nice set up pattern in form of high & tight flag bullish continuation. The level 285 ish held nicely and expecting the high 296.80 to be taken out (resistance). A surge in price and volume would be nice confirmation for the next level.
Closing gapOnce more I'm trying to buy the break of 244 with stop at 242, with first target at 262 and a trailing stop at 260. Second target at 280 and trailing stop at 278.
Closing the gapBuy the break of 244, first target 262 and second target 280. Stoploss at 242. Good luck
Novo Nordisk Rebound (monthly)Novo Nordisk recently rebounded from an area where the long term trendline and a previous high came together to provide technical support. Speculative targets of a long position can be found from the 300 area upwards with stops around the 200 mark. But building a long term position with stops around 170 area where a historic low should provide support after a trendline breach and a target well above the alltime high at 420 can provide a much better risk reward ratio.
Let's go for the Sweet Spot - guys and gals!!!The Sweet Spot
In these political correctness and feministic ages where a man is not allowed anything - not even "sexual herassing" a woman with a smile.... I still allow myself going for the sweet spot on the NOVO chart - on the danish (swedish) stock exchange.
(Is also traded on the US stock exchange)
Music at work:
Flo Rida - Sweet Spot ft. Jennifer Lopez
www.youtube.com
This chart is for my danish subscribers on my facebook page.
