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.