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
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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.