There is still a concern that Trump includes Pharma stocks in his tariffs so this has likely caused $NVO to stay down lately but I can clearly see 5 waves down in this Wave A pull back and it has been deep to the 0.618 Fib
I believe at the very least there will be a Wave B bounce here next and again we would be looking at the 50 WMA as the target here which is in between the 0.5 - 0.618 Fib range.
$PFE and $NVO look attractive here.
Gareth Neary
2025-04-08 15:16:46 +0000 UTCAndy
2025-04-08 14:58:30 +0000 UTC