albert.callisto
Long

Novartis - Long plan

NYSE:NVS   NOVARTIS AG
81 2 4
The price got out of its ranging bound. The lagging span broke the Kijun and had just bounced on the range rectangle before. We may expect the price to lateralize a bit before the earnings and then, if they are positive, to see an uptrend that would make it reach the higher part of the cloud. A retracement after benefits are taken would provide a good entry point for a long, ideally supported by the SSB             and with a target given by a flat Kijun level, 80 or 82.

RSI is bullish and if it manages to stay above 60, the scenario would have more weight.
Comment: Kumo saved us from entering a botched trade.
Am I the only one commenting on here?
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I think the price has nothing to do with the company. It's the big investors jumping in and out. If you have a million shares to put in or out just wait for the price to go up $1 and take out your million shares. The share price will then fall and maybe others will panic and sell too. When the price is down a dollar or two then the big guy buys back in again and repeats this throughout the year pocketing a million or two at each jump in and out.
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