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nexxtrade

WATCH $NVO BEARISH HINTS EVERYWHERE

Short
Novo Nordisk A/S (NYSE:NVO)  
nexxtrade  
NYSE:NVO   Novo Nordisk A/S
Trend Analysis Chart Patterns Technical Indicators momentumstrategy Momentum Oscillators momentumtheory momentumtheoryindicator momentumindicator thenexxtrade
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Bearish

snapshot
Fundamental

- Highly inflationary Macro environment / Q3 earning going to disappoint sentiment
- Funds Distribution
- Decent PE
- Negative PEG
- Decent P/FCF
- Top Sector / Industry / Leader
- Definitely niche sector but with highly inflationary environment and hints of bearish below technical

Technical
snapshot
- - Momentum Theory Indicator - bearish divergence
- Price action formation ( rising wedge )
- Price rotating clockwise
- Still above upward Trend line
- Still holding 200MA
- Above POC
- Holding ST
- MACD divergence


snapshot
Entry idea

- For members


Stop loss depending on entry and risk appetite. But always set meaningful stops.

"all things are difficult before they are easy"

Cheers and happy trading!




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