$Novo Nordisk AS(NVO.US)

NVO has just completed a multi decade uptrend. The thick blue line denotes the multi decade long term trend line. Price broke that line last year on very heavy volume and the subsequent rebound cannot even reach that line. It recently gapped down on heavy volume. Next support is 30.

Smart money has been distributing and its wise for bulls to look elsewhere. This is not one for the bulls.

Disclaimer: Not financial advice. Kindly do own due diligence.

@Bridge Buzz SG

The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.