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gorillacharts gorillacharts CMG, D, Long ,
CMG: CMG Technical Base With Strong Follow-Up On Friday
45 0 4
CMG, D Long
CMG Technical Base With Strong Follow-Up On Friday

We stick to our view, expressed on Thursday, when CMG cleared a small base and the 50day moving average at $405. I see next bigger resistance at $443, where the stock could clear an even bigger base. We are observing long-term reversal action with potentially more upside. Stay tuned!

gorillacharts gorillacharts NOVN, D, Long ,
NOVN: Novartis Ready For A Fresh Leg Higher
5 0 3
NOVN, D Long
Novartis Ready For A Fresh Leg Higher

Novartis has corrected about 7% towards and below its 200day moving average, and is coming back. A close above 78.35 today, would confirm that. Momentum indicators were a little oversold and are bouncing. Stop at 77.50 Target zone: 82.80 - 84.00

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