Rocketman

NVO: Super-Duper-To-Go

Long
Rocketman Updated   
BATS:NVO   Novo Nordisk A/S
Fundamentals:
An insulin and diabetes drug care company based in Denmark. Booming fundamentals, booming funds, great cashflow, stable earnings and accelerating sales. Pays a little dividend.

Technicals:
Shallow pb
uHd
extreme indicator
34%-50% pb
a-b-c pb completion
horizonal support
kijun bounce
strong volume today at support

Outlook:
Expected to hold for 8 to 12 months. Expected to double in price within 8 months. Target 260 within 12 months.
Comment:
NVO giving us a healthy retracement right at the beginning of Q2 an NFP Friday.
This might be the fourth week of negative retracement into longer-term support. If the price closes below 125, then there is potential for a weekly shallow pb trade. Besides this, I watch and wait and sit on my hands and let the market and history play out.
Comment:
uHd and triangle breakout

Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
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