$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.
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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
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...
