$NVO breaking out of downtrend

May 29

- NVO breaking out of downtrend.
- NVO bottomed around 200 days monthly moving average of $35-36
- keep an eye out for NVO as sentiment is washed out and pessimism is baked in.

May 29

Note

- Weight loss is a secular trend; Just ride the wave!

May 29

Note

- Breaking above 200 day SMA at $49 will confirm the thesis!

May 31

Note

- NVO is most likely forming a rounded bottom. These bottom takes time and people get impatient because they want impulsive moves. However, these bottoms are good for passive funds and long term holding buyers as these offer compounding opportunities

Jun 3

Note

- NVO launched pills in UAE as part of middle east expansion

Jun 4

Note

- NVO is multi year compounder. Buy it and forget it
- TAM is increasing, their distribution is going global.

Jun 10

Note

- Getting close to break the downtrend. Impulsive move could come soon! We just need some fundamental news to trigger it

Jun 30

Note

- NVO has a clean breakout from the downtrend! Impulsive move incoming.