Novartis Wave Analysis – 13 January, 2022


• Novartis broke round resistance level 90.00

• Likely to rise to resistance level 91.30

Novartis continues to rise steadily after the earlier breakout of the round resistance level 90.00 (which reversed the price earlier this month).

The breakout of the resistance level 90.00 accelerated the active minor impulse wave 1 of the intermediate upward impulse wave (C) from the end of December.

Novartis can be expected to rise further toward the next resistance level 91.30 (former support from August and the target for the completion of the active wave 3).

Source: Fxpro

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