Novo Nordisk Rebound (monthly)

Novo Nordisk recently rebounded from an area where the long term trendline and a previous high came together to provide technical support. Speculative targets of a long position can be found from the 300 area upwards with stops around the 200 mark. But building a long term position with stops around 170 area where a historic low should provide support after a trendline breach and a target well above the alltime high at 420 can provide a much better risk reward ratio.