$NVO - WATCHLIST -
Added 2025-05-12 10:55:33 +0000 UTCPatience, patience.
Price has only dropped down to in between the 0.5 - 0.618 Fib range as Trump plans to cut drug prices
Trump needed to make this announcement over the last 24hrs to give the US consumer a win
Because a tariff back track of 145% to 30% to China could easily be seen as weakness by Trump....so this drug price cut is a pleasant distraction.
Whether or not this price cut comes in at these levels is another thing.
Regardless, there are only a handful of companies that can make these drugs and they will still win....$NVO and $LLY still don't sell in China or India and many of the Asian countries that make up the vast majority of the worlds population, there is still enormous growth ahead
For these reasons I will be keeping to my strategy of adding here on this pull back once support is held in between $61 - $62.
Comments
It held that level in the pre market before bouncing hard today. Does that count for you? I would imagine it doesn’t
P Phone
2025-05-13 03:28:05 +0000 UTC
