My MVP system
M: rsi bottoming, rounded w a higher low
V: solid increase in vol
P: steep downward channel; could have nice pop to the upside; I would like the price better if it were forming a base instead of a steep down path, though price did hit a prior support/resistance zone
*Im wondering if NVO pops on earnings & then moves into a sideways range to form a new base
*If NVO drops on earnings, I’m even more interested for a lower entry as an investment
Bias: I don’t get into the weeds of fundamentals. However, I have a significant bias towards the GLP1 (and other peptides) industry. My background is in medicine.
Thank you.
M: rsi bottoming, rounded w a higher low
V: solid increase in vol
P: steep downward channel; could have nice pop to the upside; I would like the price better if it were forming a base instead of a steep down path, though price did hit a prior support/resistance zone
*Im wondering if NVO pops on earnings & then moves into a sideways range to form a new base
*If NVO drops on earnings, I’m even more interested for a lower entry as an investment
Bias: I don’t get into the weeds of fundamentals. However, I have a significant bias towards the GLP1 (and other peptides) industry. My background is in medicine.
Thank you.
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