Novo Nordisk A/SDiupdate Novo Nordisk (NVO): Beautiful Reversal Pattern is emerging
Novo Nordisk price has charted a famous and beautiful reversal pattern - Head & Shoulders.
We have 3 peaks with the middle one the tallest also called Head.
The Right Shoulder inclines down so the magnitude of the bearish move is strong.
The dotted line between valleys of the Head is called a Neckline.
The bearish target for this reversal is located at the distance of Head's height subtracted from the breakdown point on the Neckline.
So, the target is at $89.
This area aligns very well with the bottom of last October and the peak of last May.
We have 3 peaks with the middle one the tallest also called Head.
The Right Shoulder inclines down so the magnitude of the bearish move is strong.
The dotted line between valleys of the Head is called a Neckline.
The bearish target for this reversal is located at the distance of Head's height subtracted from the breakdown point on the Neckline.
So, the target is at $89.
This area aligns very well with the bottom of last October and the peak of last May.
Trading ditutup: target tercapai
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.