- Novartis broke resistance area
- Likely to rise to resistance level 132.00
Novartis recently opened with a sharp upward gap breaking the resistance area between the resistance level 128.00 (top of the previous impulse wave iii) and the resistance trendline of the daily up channel from May.
The breakout of this resistance area should accelerate the active impulse wave 3 of the intermediate impulse wave (C) from April.
Given the clear daily uptrend, Novartis can be expected to rise toward the next resistance level 132.00 (target price for the completion of the active impulse wave 3).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.