Head and Shoulders pattern complete, we are 32% down from all time high. We have retraced to the 0.5 Fib level and bounced at the key $100 level. Trade entered with a tight stop loss, in case we lose that key $100 level.
The correction may be over in this top Pharma stock. Eli had terrible earnings but Novo looks more promising at this stage. Cagrisema phase 3 results due in the next 4 weeks.