@Tradeahead On HHorsemans chart, the inverse head and shoulder pattern in NVO, if you calculate the measured move that it points toward, then it is somewhere between 6.5 and 7 dollars per share. I am not a chartist, and I did not measure the pattern exactly up, this is just a quick visual approximation. But once it gets going it is not going to stop at 3
@Tradeahead @bailey1 Driven by news, sure. Fundamentals drive charts, not the the other way around. But the charts have an uncanny way of predicting the future if you know where to look. And the chart says 6.5-7, or thereabouts.
@Tradeahead @bailey1 Basically the chart says there will be good news soon :o)