FinanceHulligan

NOK Golden Cross

BATS:NOK   NOKIA OYJ
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2
Read the shart. As a beginner it might be difficult to trade a Golden Cross or a Dead Cross.

The Nokia share is bullish and a Golden Cross is a bullish signal, but in the short period, some takes profit and that might lead to that the share bounce downwards the cross. Be careful, use a stop-loss as always to protect your capital.

I post this as neutral, since the share is bullish but might have a rebound downwards.

Comments

yup...long NOK short RIMM
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I've been placing a trailing stop at 8% below the current price and it is only for a portion of my position. If it does correct downward to the $3.30 - $3.40 range, I'll likely pick those shares back up. I'm long on NOK and believe they are going heading to $5+.
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