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balinor
Jan 12, 2024 2:08 PM

Novo consolidating Long

TRADEGATE:NOV240
NOVO NORDISK A/STRADEGATE

Description

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I think Novo Nordisk is moving inside a consolidation channel preparing a strong upside move to reach a new ATH

There will be an enormous demand for obesity drugs in the next years

Comment

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Target reached, i closed half position keeping the rest for the long time
Waiting for next drop and a new good entry point
Trend AnalysisSupport and ResistanceTrend Lines
Comments
mmcintoshmc17
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Is 119 a good entry point for NVO? Thank you.
balinor
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@mmcintoshmc17, hello I think around 100-105 euro
mmcintoshmc17
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I am new trading, but I am learning. Thank you so much for posting and responding.
vvrr
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beautiful. u think there is any more room on this? already half a trillion valuation
balinor
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@vvrr, i think we are on higher price now and is not the best moment to buy for a short trade
Obesity drug market will be strong for many years, just wait a couple of month for a new good entry point
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