Still running for the 11-13 level and it looks that price reached a reversal zone- or a slight pullback in the making. Good opportunity for adding or buying.
Interesting pattern in both NOK and FB yet differnt as harmonic pattern. NOK shows a sea horse pattern and a long entry would be after the price gets into 7.40-7.50 area.
Using Gann Fans to illustrate the increase in bullish movement in this equity. The chart is composed of four fans. The fans labeled A are identical twins. The fans labeled B are also twins. Looking at these fans it is clear NOK is moving up at a much faster rate as it looks to clear the red angle of fan A. Volume also increasing.
I am watching for a possible breakout as old resistance turns to new support.
If my count is correct, the price should go up for some time (end of the year?) and then proceed to do the last wave down.
Using nmike's techniques, I picked three points for my circle and enclosed it in a rectangle. Then , cloned this rectangle to form a larger rectangle consisting of 10 smaller ones. Next I drew trend lines (yellow x) connecting the corners of the larger rectangle. {Note: this is where I deviated from nmike's instruction) The trend lines forming the yellow x and a...
Since July, the market appears to be turning in Nokia's favor for the first time in a long time, as price broke out of consolidation. Price continued it's new trend of breaking old lines today. Next bullish target is near 4.60.
NOKIA should have made a multi decade low and risk/reward is on the long side of the trade. Monthly gap close is ca $9 being target of the early stage of a multi year rally
Possible short term spikes to the upside before the ER on July 18. However, if ER fails to impress may repeat what happened previously.
Read chart. Be carefull in Nokia as in other things. Cash is very good to have, in fact Cash IS KING !!
Greed is a powerful emotion, but fear the strongest and this chart shows that indeed trust comes slower than distrust. The first and second period have about the same win/loss rate of 1,63%. The resulted in the first period for a gain of a whopping 3,121% in only 215 bars. However, the second period whipped 83% of that gain away and did that in just 107 bars,...
Long swing idea on BBRY chatter
Nokia has negative divergence, wait for positive divergence movement. Fundamentals : www.reuters.com Their balancing sheet is not looking too good thought. Closed Loss on 3.73 www.marketwatch.com