NVS presents a potential long swing trade opportunity at $133 due to emotional selling from a recent 12% drop.

uh Novartis uh is making a major move but with major moves you guys know what I say with major moves come major opportunities. So first thing I do I say wow NVS dropping 12%. That's the biggest one day drop since March of 2020. So think about that going back to COVID.

Now, when something drops outside of its normalized range, it means emotion starts to take over. And for those of us that use logic, data, and charts, which is what verified investing is all about, to decipher that, then it gives us an opportunity.

We look for where emotion will be at its height, where price will hit support, and we look at an opportunity here to go long. Where is that level? Simply put, $133. Right now, we're trading at 139.

So, it's only $6 away on a stock that is dropping precipitously already. Basically down $20, over $20 on the morning session.

Notice what we have here. We have a major pivot high here. We then tagged it again. We then tagged it again and we finally broke out and it led to our big run up. Remember, when resistance breaks, what does it become?

Technical support, right? In addition, you always want multiple factors, right? So factors are the lifeblood of a profitable investor or trader. Remember that. Now, as you're coming in, you're looking at your second factor here.

What is it? Start your fib at this low. All right? So, right here, this this zone right here. And we drag our fib up. And I when I say fib, by the way, I mean Fibonacci, Fibonacci retrace tool.

Drag it up to this all-time high up here. And this is actually the 50% retrace level. Now again, is there any guarantee that price will stop you? The answer is no. There's no such thing as a guarantee in any investment that any of us ever makes.

All right? Unless you have insider information or something that I do not have. But two factors at a major price point, that's good enough for probably a 75% success rate opportunity.

So that's what I'm watching for on NVS. beautiful 133 level. If it comes in there, I will be keeping an eye for a potential swing trade opportunity.