NOK NOK long
Updated
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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