NVO trade ideas
Closing the gapBuy the break of 244, first target 262 and second target 280. Stoploss at 242. Good luck
Novo Nordisk Rebound (monthly)Novo Nordisk recently rebounded from an area where the long term trendline and a previous high came together to provide technical support. Speculative targets of a long position can be found from the 300 area upwards with stops around the 200 mark. But building a long term position with stops around 170 area where a historic low should provide support after a trendline breach and a target well above the alltime high at 420 can provide a much better risk reward ratio.
Let's go for the Sweet Spot - guys and gals!!!The Sweet Spot
In these political correctness and feministic ages where a man is not allowed anything - not even "sexual herassing" a woman with a smile.... I still allow myself going for the sweet spot on the NOVO chart - on the danish (swedish) stock exchange.
(Is also traded on the US stock exchange)
Music at work:
Flo Rida - Sweet Spot ft. Jennifer Lopez
www.youtube.com
This chart is for my danish subscribers on my facebook page.
Danish stocks harmonic correctionsSeveral 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 of this market.
NVONVO 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.
