The Long Investor
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$NVO
🕑 Added 2025-04-11 08:58:38 +0000 UTC+4.4% today in the PM and doing its best to hold onto the 0.65 Fib support level at $61.66 and attempting to recapture the 0.618 Fib at $65.91.
The harsh sell off is down to a number of factors I believe, declining sales lately and the tariff war but that does not mean that Wave A should be this low, so the short but valid rise in Jan and Feb is looking like Wave B for me, shown above.
So I think $NVO is looking at completing Wave C now but still needs to confirm support.
Fundamentals are strong, growth still looks good and dividend of +3.2%
The downside risk is still to the 0.78 Fib at $43.
Comments
Gareth Neary
I would like to yes
Crewz
Also wondering Cap, are you gonna buy? $NVO such a strong company with their fundamentals, i have been buying :DDD
MJ
ty cap. will you buy once support is confirmed? Or are you happy with your exposure to the pharma sector with $hims and $oscr ?
