CFD Trading – Sell Novartis AG (NVS.NYS) @$89.50. Stop @ $92.80 and Target @ $82.10

Novartis AG Stock Code NVS.NYS


Price broke below the cloud in the previous trading session and there is a change of trend from bullish to bearish. A potential Double Tops chart pattern is also warning of a possible price high and a reversal ahead. The reversal would be confirmed if price were to move below $89. Conversion and Base lines had a bearish crossover, hinting of a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish trend. MACD remains bullish but is near to the zero line and a move below the zero line would change the trend from bullish to bearish.


$89.50                Sell

$82.10                Price Target

$92.80                Risk Management Stop

2 weeks              Trade Duration

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