The NVO (Novo Nordisk A/S) swing trade has just hit the third price target (T3) in the pre-market trading session for a ~20% profit. As T3 is aligned with the bottom of the big July 29th gap, the odds for a reaction off T3 are favorable. Updated daily chart with today’s pre-market trades reflected by the white candlestick below.
NVO daily Aug 18th
On an admin note: I returned from vacation yesterday & will be catching up on the charts, updating any recent trade ideas, & replying to any recent questions or chart requests throughout the day.