NOKIA and LUMEN yo-yo for the shake of hedge funds
In the context of the war that broke out on Wall Street between small investors and hedge funds and in which the serious stocks of NOKIA and LUMEN
were unfortunately involved, took place the presented aggressive movement of entrapment of small investors with a -28.40% in Nokia and a -22.46% in LUMEN.
This move cancelled the crossovers of the great resistance of the 200weeks SMA of NOK which is at 5.06 and the 30months SMA of LUMEN which is at 12.83.
One would expect the institutes that organized this move in NOK and LUMN not to act vindictively, to at least respect the breakdown of these important resistances
and not to play with investor confidence in unwritten market rules and technical analysis. Stocks of serious companies with good fundamentals and excellent prospects
should not become yo-yo shattering investment confidence and turning Wall Street into a casino.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
were unfortunately involved, took place the presented aggressive movement of entrapment of small investors with a -28.40% in Nokia and a -22.46% in LUMEN.
This move cancelled the crossovers of the great resistance of the 200weeks SMA of NOK which is at 5.06 and the 30months SMA of LUMEN which is at 12.83.
One would expect the institutes that organized this move in NOK and LUMN not to act vindictively, to at least respect the breakdown of these important resistances
and not to play with investor confidence in unwritten market rules and technical analysis. Stocks of serious companies with good fundamentals and excellent prospects
should not become yo-yo shattering investment confidence and turning Wall Street into a casino.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.