Recommend for upward movement swing trade in long position.
My analysis of Novo Nordisk as of 6.12.2020 With the current recommendation for "buy" with my eyes (short term)
$NVO posted marginal negative earning as the PEAD is projecting a slight bullish outlook for the stock with the price currently trading around the median line. 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.
The last anaylsis of Novo Nordisk was successful at its prediction. Heres an updated one of where i see it in the short term future
Technical indicators( candles ; volume ; ligne ; fbonaci ..) indicate a decline in the market during the next week; I advise you to sell and wait for the next buying signal
Let's wait and see if Novo Nordisk breaks out. Time always tells.
Price action near $57.5 will determine where it will go next. - it has shown strength when breaking through $57.5 on larger timeframes - NVO is a buy - A pullback to $57.5 would be a good long entry point, provided that there are no heavy sell off during this pullback. - new ATH likely, given some time.
Novo Nordisk is one of the world leaders in the medical treatment of diabetes. It also researches, develops and markets treatments for obesity. It is a fast-growing sector with the rise of fast food and the development of emerging countries. However, the field is becoming more and more competitive, especially in the US, which has meant slower growth for the...