CFD Trading – Buy Novartis AG (NVS.NYS) @$91.60. Stop @ $89.90 and Target @ $95.00

Novartis AG Stock Code NVS.NYS


After price reached a high of $94.77 on 16 June 2021, price went into a correction and declined to a low of $89.14. When price reached that low, it was a gap down opening that was below the cloud. The candlestick on that day managed to stay and closed inside the cloud, keeping the uptrend intact. Conversion line and Base line had a bearish crossover but the two lines are close together and with price moving higher, there is likely to be a bullish crossover soon, Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD is bullish and during the decline, MACD had stayed above the zero line. In the previous trading session, price has moved above the cloud and the rally is likely to continue higher to the previous high at $95 in the next 2-3 weeks.


$91.60                Buy

$95.00                Price Target

$89.90                Risk Management Stop

3 weeks              Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.