NVO: Trend Continuation With4.74 R/R Setup

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NVO: Trend Continuation With 4.74 R/R SetupNovo Nordisk A/SNYSE:NVOaaronkaltmanNovo Nordisk (NVO) is showing classic strength β€” bouncing off the cloud, reclaiming structure, and flashing early signs of momentum rotation. This is how you catch continuation trades without chasing. πŸ“Š Technical Breakdown Ichimoku: Price reclaimed the top of the cloud and is now building above it. Kijun and Tenkan are aligned. This is the first real bullish structure since the March breakdown. MACD: Histogram curling upward. We’re not fully bullish yet, but the pressure is shifting back to buyers. R1 Pivot ($81.31) is the first big test. A clean break above that opens the path toward R2 and beyond. 🎯 Trade Specs Entry: $71.58 Target: $93.33 (+30.44%) Stop: $67.00 (–6.42%) Risk/Reward: 4.74 β€” elite-level skew for a high-quality name