Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Technical Analyst, Saxo Bank
Summary: Novo Nordisk short-, medium- and longer-term technical outlook
Novo Nordisk delivered blow out earnings this morning pre-market.
The uptrend seems to continue.
If Novo is closing around current levels and the RSI is closing back above the 60 threshold i.e., back in positive sentiment, Novo share price is likely to move to test all-time highs at around 742.20
To reverse the short-term uptrend a close below 655.40 is needed.