NVO Weekly Chart Analysis

Novo Nordisk (NVO) recently saw a sharp drop with heavy volume, signaling strong selling pressure. The chart shows a potential recovery path if the stock holds support near $47.

🔄 Possible rebound levels:

First target: $58

Mid target: $71

Final target: $82

📊 Options flow shows strong call activity (bullish bets), with a low put/call ratio, suggesting some traders expect a bounce. However, momentum is still weak, and if $47 fails, further downside toward $36 or lower is possible.