The Long Investor
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$NVO
🕑 Added 2025-05-05 13:12:03 +0000 UTCJust as an observation and I get obsessed with the positions I own, here is another chart on $NVO.
I uploaded one earlier too but the Fib support levels I used on that chart were taken from the low in 2017
BUT if we take the GFC 2009 LOW, the price action this year pulled back extremely well to the green 0.618 Fib at $59 and held, and now bounced.
My brief remains the same, whether its from the 2017 low or the 2009 low, holding support at $65 will be my next buy target.
But it is worth seeing how perfect this entire structure has been since 2009 until now.
This should also attract more buyers here.
Comments
MJ
i like what i see
Daniel
like SPY different view perspectives, I really enjoy the two different views you play on stocks or commodities. I suppose view one could be viewed as the "bear" case where NVO could fall to the upper 40s per the other chart whereas this view (I will call this the contrarian view for now) has it near the upper 50s for a bottom. Either way, hard not to like what NVO is offering, and even Moreso now with their partnership with HIMs.
