Novo Nordisk A/S
Long

NVO: Trend Continuation With 4.74 R/R Setup

100
Novo Nordisk (NVO) is showing classic strength — bouncing off the cloud, reclaiming structure, and flashing early signs of momentum rotation. This is how you catch continuation trades without chasing.

📊 Technical Breakdown

Ichimoku: Price reclaimed the top of the cloud and is now building above it. Kijun and Tenkan are aligned. This is the first real bullish structure since the March breakdown.

MACD: Histogram curling upward. We’re not fully bullish yet, but the pressure is shifting back to buyers.

R1 Pivot ($81.31) is the first big test. A clean break above that opens the path toward R2 and beyond.


🎯 Trade Specs

Entry: $71.58
Target: $93.33 (+30.44%)
Stop: $67.00 (–6.42%)
Risk/Reward: 4.74 — elite-level skew for a high-quality name


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