The Long Investor
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$NVO
🕑 Added 2025-04-22 11:24:25 +0000 UTC$NVO stayed green yesterday which was a rare sight in the market and I believe many think that $NVO has been punished enough and the sell off has caused the price to fall into a very attractive range right now.
Price is below the 200 WMA by some margin at $58 and the 200 WMA is at $82.
The RSI on the weekly chart is at 20 and we are deep into Wave C now.
They are also one of the leaders in the Ozempic market, although behind $LLY but still a big player
In terms of risk v reward, accumulating here under $60 makes a lot of sense
The downside risk is still the 0.78 Fib at $43.
Comments
Porthtowan
how do you determine when you use "reverse" impulse waves rather tha corrective waves once this hits ATH?
