NOK breaks out major channel, next wk price actions critical
Long: Major channel (green) breakout on daily and weekly chart. However, price now touches ceiling of new faster channel (yellow). will likely to test major channel top again at 4.58 -4.60 next week. If holds, then buy. Moving averages in perfect alignment an indication of strong long-term trend.
Short: Watch price actions closely next week to verify whether the current breakout is false or not. Reason for shorts: the latest strong quarterly result was due to low expectations, small base for Lumia phones therefore higher growth + Xmas seasonality.
Short: Watch price actions closely next week to verify whether the current breakout is false or not. Reason for shorts: the latest strong quarterly result was due to low expectations, small base for Lumia phones therefore higher growth + Xmas seasonality.
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.