Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Chief Macro Strategist
Technical Analyst, Saxo Bank
Summary: Novo Nordisk short-, medium- and longer-term technical outlook
Novo Nordisk delivered blow out earnings this morning pre-market.
The uptrend seems to continue.
If Novo is closing around current levels and the RSI is closing back above the 60 threshold i.e., back in positive sentiment, Novo share price is likely to move to test all-time highs at around 742.20
To reverse the short-term uptrend a close below 655.40 is needed.
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
China Outlook: The choice between retaliation or de-escalation
Commodity Outlook: A bumpy road ahead calls for diversification