NVO Long Idea – Swing SetupNovo Nordisk A/S Sponsored ADR Class BBATS:NVOrencus30NVO Long Idea – Swing Setup Long entry around $37.50 after extended sell-off and capitulation move (-37% vs SPY -1.3% in 1M). The stock is trading near the lower end of its 52-week range and showing signs of short-term stabilization. Thesis: •Oversold conditions after aggressive repricing. •Attractive valuation (PE ~11) relative to historical multiples. •Analysts’ average target $56 (high $70) suggests asymmetrical upside. •Risk/reward favorable for rebound toward mid-range resistance. Target: $46.00 Upside: ~22–23% Invalidation / SL: Below $32 This is a counter-trend rebound trade, not a trend reversal call. Looking for momentum shift and reclaim of short-term moving averages before scaling in further.