After a very deep, almost exact 78.6% fib retracement, Novo is now showing signs of bottoming.
Inverse H&S pattern. MACD divergence on the daily.
I highly doubt a favorite investment of Eric Sprott could crash even further than 78.6% retracement.
I already bought the low and am holding a small profitable position. A breakout from the inverse H&S would be a further buy. This is an excellent level to establish long term holdings.