NOKIA just hit the top of long term bearish trend channel, and is about to cross down short term bullish channel... RSI also topped....MACD just about to make bearish cross... And wave trend about to turn..... All indicating a BIG drop. I expect a drop of 15% or more.
Target for our strategy - long term: 1st :8.48 2nd: 8.14
Buy Stop @4.96 SL: 4.46 TP1: 5.11 TP2: 5.45 Risk free @TP1 and close half of the position volume
Nokia has created H&S pattern since MWC 2017 in Barcelona. new phones, new 5G technology. Nokia is leader in network tech. Nokia will return in 2017 with new 2 android phones.
Nokia has seen a very strong downtrend recently, which was stopped as price entered into what could be seen as a flag or triangle formation. The previous movement which I have traded myself has been very continous with minimal pullbacks and therefore few decisions to make. If we can break the current low of the horizontal movements - around level 39 SEK - there...
first up in a triangle and then what? a Racket long?
Bitcoin appears to be continuing emulating Nokia 's chart pattern. Don't know how much it is credible but this correlation fits nicely together and would be interesting to see it works out.
I think, Nokia had bad time. But something tells me Nokia does not want to fall at all. They try to touch the market wt new step of them strategy. I remember how HPQ turned up and reached more than 100% even more people /me included/ though how HPQ ends. So if Nokia shows us a comeback, it should be interesting to buy. Also can helps successful Greek solution...
Nokia is down nearly 10% in pre-market following it's disappointing margin announcement for it's core business, Nokia Networks. The stock has established a long term double bottom, is in a long term uptrend, and the 23.6% fib retracement level from its 2000 high to its 2012 low is at $16. Nokia need to hold the long term monthly uptrend for a continuation towards...
Nokia is looking interesting once again a year after Microsoft's acquisition, a leaner and reinvented business structure. It could present a good long term buying opportunity from here. Significant interest on the N1 tablet in China. ( pocketnow.com ) Record 2014 deals in india involve the modernization of 2G and 3G networks, 4G deployment, WiFi solutions,...
The Nokia Share (NOK) Daily Diagram Technical Analysis Training shows the following: The NOK consolidates for a long time now into an ascending triangle. All these consolidations are above EMA 200. There is a sense of bull market because the EMA 50 is above EMA 100 & EMA 200 and EMA 100 is above EMA 200 too. There are some Golden crosses from Sep 2013. Now all...
This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams. The Nokia Share (NOK) Daily Diagram Technical Analysis Training shows the following: The NOK consolidates for a long time now into the ascending triangle. All these consolidations are above EMA 200. There is a sense of bull market because the EMA 50 is above EMA 100 & EMA 200 and EMA...
As you can see in diagram Nokia (NOK) has made some consolidations for tree days now that is like a reversal pattern (bottoming). It is trying to breach the KUMO and the KUMO twists. MACD and RSI is trying to get bullishness trend. I think this is a very interesting point of a long setup for 7.85 first and 7.99 secondly.