After a significant downtrend from September, NVO is showing potential bottoming signals:
* Multiple bullish MACD+RSI divergences appearing at recent lows
* Price has reached the lower Vegas Tunnel boundary (purple zone)
* Recent EMA5/10 bullish crossover suggesting momentum shift
* Early signs of price stabilization with decreased downward momentum
Short-term outlook: While still below the main tunnel (green zone), the appearance of multiple bullish divergence signals and price stabilization suggests a potential trend reversal or consolidation phase forming.
Note: Technical analysis only. Consider additional factors for trading decisions.
