It is very difficult to say that $NVO has finished its Wave 5 as their growth continues to excel due to their exposure to the fat reduction market that is taken over the US and the western world.
This can still go extended but I can see 5 waves for now and there has been a notable pull back lately.....so I have provisionally added in the corrective count as a ball back area to show how this could pull back.
I believe if $NVO can go to $76, we should be embracing it.....I do however expect more companies to gain entry into this market and challenge $NVO and $LLY for market share.
Jesper Rasmussen
2024-04-05 16:10:16 +0000 UTC