Novo completely oversold🐂 Trade Idea: Long - NOVO
🔥 Account Risk: 20.00%
📈 Recommended Product: Stock
🔍 Entry: +/- 750.00
🐿 DCA: No
😫 Stop-Loss: 675.00
🎯 Take-Profit #1: 1,000.00 (50%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
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Novo Nordisk is completely oversold (in fear of RFK) and so is the rest of the Pharma sector as well. Nevertheless, Novo is still printing money and trial results for a new product should come in end 24 or beginning 25 for the oral version of the weight loss drug. The fear over political decisions in the US should be used to buy the Pharma sector. For me, it is Novo and Regeneron.
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