Several danish stocks closed at or near the completion of some rather nice harmonic patterns last friday. This is just some of them. The danish OMX C20 index did fail a very precise bullish Gartley, so the first target for this possible bounce could be a test of that area from below: invst.ly The reaction from that test should be a good indication on the strength...
The NVO breakout continues. The break above the bull flag consolidation (thin red lines) signaled a AB=CD pattern. The CD is almost complete note the Blue line. The breakout above the previous high (red line) might be a significant trend.
NVO appears to be avoiding the downtrend and instead has been consolidating. Breaking out of the older (purple) channel. Could be forming a bull flag and a move higher.
NVO, a very good company, looks to be in a down trend with expected end point around point "D". AB=CD pattern forming. Look to go long around $40. Careful could go lower to complete harmonic pattern at $37.
Looking for NVO to have a pullback here to the 61.8% retracement. At least and AB=CD correction down to the $40 level. Looks like a harmonic pattern (BAT) fore telling the turn.
