Nokia getting into zone. Selling volume is decreasing.
Technically it's getting closer to 200 MA (4.18) on daily chart.
I expect to bounce upwards.
Technically it's getting closer to 200 MA (4.18) on daily chart.
I expect to bounce upwards.
Note
From technical perspective looking at 4h chart this thing is going to explode. Indicators I look for:- RSI 14 days is at 43
- MACD is turning around at -0.10, -0.07, -0.03
- Fibonacci zone reached the bottom of downtrend zone
- Volume is decreasing, specially selling volume
and beside all, compared to DAX index it's inversely correlated with -0.58. This is a buy.
Note
Looking at financial data, this company is sound, so anything below 4.20 is a steal. Based on future outlook and expectation, healthy bull run is incoming anytime when this FOMO-option run is done.
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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.