I am cautiously calling the bottom on NVO

It might be a bit early to call this a bottom, especially given the unpredictable market, but I’m noticing a few key signals aligning:

• The 8/21 curl following a double bottom
  
• A break above the 50-day SMA occurring on a red day like today
  
• Momentum shifting positive and being released from a squeeze
  

That said, stay cautious—this setup has tricked me before.