Novartis Shares Hit New High, Targeting 133-135 CHF
Novartis AG's share price has been making waves, reaching a new all-time high of 104.180 CHF on the SIX. Analysts are eyeing potential long-term targets around 133 - 135 CHF, suggesting a possible shift to a northward course.
The share recently attempted to break through the long-term pullback line that has been in place since 2015. If it sustains above 105 CHF, a rally acceleration could follow, with initial targets around 120 CHF. However, longer intermediate corrections are possible, and larger sell signals may only emerge below 91 CHF.
On the flip side, if the share falls back into the pullback line area and turns down, setbacks to 96 - 97 CHF could occur. Despite these potential fluctuations, the overall outlook seems positive, with analysts predicting a larger breakout movement.
In summary, Novartis AG's share price has hit a new high and could potentially rise further to long-term targets of 133 - 135 CHF. While corrections and setbacks are possible, the general trend appears to be upward. The search for primary investors to support a potential long-term convertible bond issue or transformation continues.
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