$NVO - RC -
Added 2023-10-17 11:18:57 +0000 UTCOne of the rare sights where a stock split sends the share price up higher but I do not believe this will last for too long.....we saw what happened when $TSLA stock splitted when the share price was getting high, it was a clear indication that Wave 5 was coming to an end and this is no different here.....in $TSLA's case, the price went from $400+ down to $100.
Stock splits are used to bring in more buyers but do not change the fundamentals, it just makes the price look more attractive, usually a red flag.
I believe this will start its ABC soon once Wave 5 rejects at its 1.618 Fib level, may go slightly higher.
