NVO currently at the all time historical 100 monthly SMA trendline, with Weekly bullish divergent on the RSI
This is a rare price structure, with fundamentally great risk to reward. Expecting a trend reversal soon.
Pray this will played out as planned.
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ASML is currently having slight pull back, retesting the SMA 200 Weekly which were bought up with quite a volume.
Having broken out of 1 year resistance trendline consolidation (March 2024-March 2025) falling wedge/bull flag formation
If we are actually forming a trend reversal to the upside, this maybbe last chance to position your self in this stock.
The Price action of NVO has been retested and bounce up from the 100 monthly EMA trendline.
With previous weekly bullish enhulfing candle.
So far possibly price structure for trend reversal to the upside, let see how this will play out.
Pricing structure, correction down to at 200 Weekly Ema trendline + Demand zone at $550-570. Suggest this could be one hell of a buying opportunity for this stock.
Using the Guassian Channel indicator on the monthly timeframe. We can see that in the past, after the price has significantly correct from its ATH of 50%+, price tend to reverse at the lower channel support(2times on chart) or at the upper support line ( 1 time on the chart)
Right now we are currently at the upper supprt trendline at $70
-Median line at...
