NOVOBC- High & Tight Flag bullish continuation

31 Agu 2017

Nice set up pattern in form of high & tight flag bullish continuation. The level 285 ish held nicely and expecting the high 296.80 to be taken out (resistance). A surge in price and volume would be nice confirmation for the next level.

12 Sep 2017

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A brief update:

Bullish momentum continues and fibo levels 127 & 162 could mark the reaching of the first target.

12 Okt 2017

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Comments on the chart and only a brief side note here:
If the next 4 to 6 trading days will find the price at 305ish level it can be a red flag for a slight pullback. Also a close below the lower channel line will be a warning sign. However the long- term trend is bullish.

13 Okt 2017

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Quick note:
Closing below the ascending channels support line is definitely a sign of pullback. This move can be used as a trim & trail, swing trading or other personal preference.
Macro trend is bullish and trading inside ascending channel. I would like to see a reversal at 286ish level. Supports levels are on chart.

16 Okt 2017

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It was not that bad the pullback and the day ends with one of the most beautiful bullish marubozu candlestick. The next candlesticks will confirm the bullish continuation.

19 Okt 2017

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Semaglutid has received positive recommendation on Wednesday. However, the final decision is expected by 5 December.
There is a weak link that is called retinopathy data & risks.
The chart shows at the moment a reversal and some levels will be tested. The closing level is important.

26 Okt 2017

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Weekly chart: heavy resistances ahead yet still bullish long-term. Short and medium term shows slowing momentum. The area of support is calculated based on multiple chart time frames.
Q3 earnings release is around the corner.

1 Feb 2018

Catatan

Drama alert earnings season: the day ends with a nice gap to the downside and a gravestone doji candlestick. The price is still trading inside the ascending channel and SMA200 @ 301 should give some support.

The next trading days will give a clearer picture. I would expect a reversal around SMA 200 if things remain positive.

From an Ichimoku point of view the chart does look bearish at the moment.

8 Feb 2018

Catatan

NOVOBC has lost the upside momentum and already confirmed the bearish signal by breaking the lower support line of the rising wedge.
A strong support area coincides with the technical measurement of the rising wedge price target.
The gap to the downside has a big significance and it will take some time until gaining again a bullish momentum.
The reaction trade length will disclose the severity of the reversal.