Looks like we have a an end to a zigzag here. Technically, we have not left FibChannel, hence the approach is risky. If the picture is right, we may see one or more impulses upwards. Wait and see.
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 green with...
Welcome to our Weekly V2-Trade Setup ( NVS ) !
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4 HOUR
Bearish market breakdown..
DAILY
Expecting another wave to the upside.
WEEKLY
Looking for a midterm push.
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STOCK SETUP
BUY NVS
ENTRY LEVEL @ 83.15
SL @ 82.15
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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The PEAD projected a Bullish outlook for $NVS after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
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The Swiss-based drugmaker missed consensus expectations on both earnings and sales in the first quarter, the results were hurt by a historically weak cough and cold season. Novartis’ cornerstone innovative medicines division turned in with sales +4%. Stock is currently pegged to underperform the broader market and our 18-month projections reflect below-average...
The PEAD projected a Bullish outlook for $NVS after a Negative over reaction following its earnings release placing the stock in drift C
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Novartis (CHF81.02). Five-week high as share breaches downward trend line extending back to 25-Jan peak. Also, upside break of descending triangle while pivot is reclaimed.
The PEAD projected a Neutral outlook for $NVS after a Negative under reaction following its earnings release placing the stock in drift D
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The Directional Movement Index is showing Bullish sentiment on the DMI indicator and the EMA @ 55 fib.
If the Bears crossover the EMA then close long position.
Gives you excellent entry point with minimal stop loss.
I understand the euphoria of picking on a winning horse and getting returns in excess of or even more than 100%, but what you need to pay attention to is money management and managing your positions.
You can buy stocks, you can buy futures, you can buy bonds and you can buy and/or sell options.
The key is always to use the instruments that we feel confident in and...
NVS is a long term reliable dividend paying hold, but I try to be careful with pharmas. A lot of possible catalysts that can change the direction too soon.
This is purely a trend line analysis. I see good indicators from trend lines in play and looks like the stock will re test the $98 high again before either a move up or down. I expect it to break downward by...
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Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do...
The PEAD projected a neutral outlook for $NVS after a negative under reaction following its earnings release placing the stock in drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Novartis showin higher lows or/and a inverse head shoulder, inside a right angled broadening wedge, with a partial decline, while showing hidden bullish divergence on all three oscilators MACD, RSI and Stochastic on the Daily timeframe.
Its at the perfect spot for entry a long entry.
Target 1: 94$
Target 2: 103$
Target 3: 115$
NVS - It is in ABC zigzag wave up, where 3rd of C wave is in progress. Buy the three wave correction for next up move.
Give thumbs up if you really like the trade idea/analysis.
Breakout of inner range with 2R available to run to outer range. In general, breakout trades are expected to run longer than short term swing trades
R: $100
E: $93.4
S: $90.5
Diff: $2.90
T1 (1R): $96.3 (raise stop to $91.95 )
T2 (2R): $99.2 (withdraw 1/2, raise stop to Entry)
T3 (ATH): $106 OR Break of prior dip
