Novo Nordisk A/S
Long

NVO hit downside price target

123
NVO just hit the downside price target with this recent market pullback, this momentum trend has been in effect since Nov 2022. I expect this to pick back up with a possible wick slightly lower than here. I think we see a retest to 142$ in the coming weeks. I am debating adding LEAPs on this bad boy but I think the company is overvalued, I do not fade these cult movers though.

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