$NVO - WATCHLIST -
Added 2025-05-19 10:23:25 +0000 UTCWe added on the pull back here on Friday for our Third Buy and very happy with our entry at $63.60, with the price green in the PM now at $65.41, while other positions are red.
I like what I see here too.
Wave 2 pull back has formed a healthy bullish descending wedge which is typical for a Wave 2 and respecting the Fib support levels very well.
Wave 2 normally pulls back in between the 0.5 - 0.618 Fib and we have not hit the 0.618 Fib yet at $61, so this is still a possibility but a breakout above the wedge and the 50 MA at $65.70 and holding would signal a trend reversal for me.
So I have added in the impulse count to show where the upside targets are....with Wave 3 at $83.
Let's stick with this and I will be sharing the Fundamental Analysis on $NVO today.
Comments
What are the white fib lines above the impulse count?
DCB
2025-05-19 14:19:00 +0000 UTC
