Novo Nordisk A/S (NVO), a healthcare company engages in the research, development, manufacture and marketing of the pharmaceutical products worldwide. It operates in two segments, Diabetes & Obesity care & Biopharm. It is based in Denmark, comes under Healthcare – Biotechnology sector & trades as “NVO” ticker at NYSE.

NVO is showing higher high clear impulse sequence in over the years. So, it expects to remain supported in 3, 7 or 11 swings at extreme areas in pullback. Currently, it favors correction in ((2)) of V of (I) before turning higher in ((3)) of V.

NVO – Monthly Elliott Wave latest view

NVO

It placed wave ((I)) at $60.34 as Grand super cycle in 2015 & ((II)) at $30.89 low in 2016. Above there, it favors higher in (I) of ((III)). It favored ended I of (I) at $58.37 high & (II) at $41.23 low as 0.618 Fibonacci retracement. Above there, it extended higher in third wave extension, ended at $122.16 high. Wave IV finished at $95.02 low as slightly above 0.382 Fibonacci retracement. Currently, it favors higher in V as it already confirms higher high sequence.

NVO – Weekly Elliott Wave latest view

NVO

In wave V, it placed (1) of ((1)) at $106.43 high & (2) at $100.89 low. Above there, it favored ended (3) at $139.05 high as third wave extended wave & (4) at $130.10 low. Finally, it ended (5) as ((1)) at $144.78 high & correcting in ((2)) in 7 or 11 swings towards $130.04 – $121.70 area before upside resumes in (1) of ((3)) of V. Alternatively, it may ended ((2)) at $131.17 low & favors higher in (1) of ((3)) of V.

Share: Feed news

FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.

Recommended content


Recommended content

Editors’ Picks

EUR/USD: Further declines remain well in store

EUR/USD: Further declines remain well in store

EUR/USD broke below the key 1.0500 support to clock a new 2024 low, always on the back of the intense strength in the Greenback, which sent the US Dollar Index (DXY) to fresh yearly peaks past 107.00 ahead of key US data releases on Friday.

EUR/USD News
GBP/USD reclaims the 1.2700 barrier and above

GBP/USD reclaims the 1.2700 barrier and above

In line with the rest of its risk-related peers, GBP/USD leaves behind the initial drop to multi-month lows near 1.2630 and attempts a move beyond 1.2700 the figure amidst renewed weakness in the Greenback.

GBP/USD News
Gold trims early losses hovers around $2,575

Gold trims early losses hovers around $2,575

The loss of momentum in the US Dollar and the retracement in US yields across the curve allow Gold prices to pick up some upside traction and revisit the $2,570 zone per ounce troy, trimming part of their early losses.

Gold News
Dogecoin Price Prediction: Could DOGE turn deflationary after 100% rise? Elon Musk weighs in

Dogecoin Price Prediction: Could DOGE turn deflationary after 100% rise? Elon Musk weighs in

Dogecoin (DOGE) is down 4% on Thursday after key figures, including Elon Musk, shared views on its token design and what a deflationary path could mean for its appeal as a currency.

Read more
Trump vs CPI

Trump vs CPI

US CPI for October was exactly in line with expectations. The headline rate of CPI rose to 2.6% YoY from 2.4% YoY in September. The core rate remained steady at 3.3%. The detail of the report shows that the shelter index rose by 0.4% on the month, which accounted for 50% of the increase in all items on a monthly basis. 

Read more
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures