NOKIA MONTHLYNOKIA 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
870737 trade ideas
Nokia, possible run until ER results?Possible short term spikes to the upside before the ER on July 18. However, if ER fails to impress may repeat what happened previously.
NOKIA Bearish Times AheadRead chart. Be carefull in Nokia as in other things. Cash is very good to have, in fact Cash IS KING !!
NOKWeekly chart. Attempted to breakout of Stage 1 & got the PB. Looks set to begin Stage 2 w/ rising RSI.
The Age Old Greed and Fear...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, just shy of half of the 215 bars in the first period.
The third period of recovering resulted in a gain of 349% in 271 bars, however the fourth period destroyed 95% of that gain in 240 bars. That's 31 bars less than the third period, however the rate of loss was 1.24% opposed to the rate of winning of only 0.56%
NOK NokiaNokia 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
Nokia Horizontal?I'm watching for a repeat of what occurred SEP-OCT 2012 as $NOK consolidated. Wait for it to get closer to the next earnings report.
NOK Still BullishNOK's recent upswing raises the obvious question - can we expect further upward movement. I believe the answer is yes.
Last weeks regression should have questioned the continuance of wave three, however the strong upward movements and the completion of the ABC regression seems to have instead signaled the end of wave V's and should allow us to continue upwards. Additionally, the MACD the bolliginer bands and the money flow index also look bullish. When a day closes entirely outside of the bolligner bands this can be a bullish signal and when the MACD's fast moving line aggressively crosses the slow moving line this can also create a bullish signal.
I did initially have one concern regarding volume, though after comparing it to the last few months up volume's I am not worried because yesterdays volume was very comparable to many other trend sustaining up days. Finally it was just disclosed that Goldman and Morgan Stanley significantly ( seekingalpha.com ).
-Databased
If you disagree or see something I missed please let me know
NOK breaks out major channel, next wk price actions criticalLong: 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.
Nokia - where did the share halt ?Where did this downward move halt? At 38,2 fibb retracement of the larger wave as I have as labeld as a wave 3.
Closed shorts, and bough some shares also. It is most likley a minor a wave, but could also be a larger C wave. Since I do not know I post this a neutral.
Nokia PullbackLooking for $NOK to pull back. Watch Fib spt at 3.53 and then at 3.29. Next qtr earnings report coming 24 JAN 2013.
NOK - risk has increasedPossible expanding triangle, cause of a complex correction in wave 2 sep-okt.
This is also why I took profit yesterday, and bought short positions today.
Nokia need to breath - me to - Merry Christmas!
Sincerely yours,
Financehulligan
NOK Golden CrossRead the shart. As a beginner it might be difficult to trade a Golden Cross or a Dead Cross.
The Nokia share is bullish and a Golden Cross is a bullish signal, but in the short period, some takes profit and that might lead to that the share bounce downwards the cross. Be careful, use a stop-loss as always to protect your capital.
I post this as neutral, since the share is bullish but might have a rebound downwards.
Nokia buying the dip.Many people have commented on buying Nokia's dip so I do not feel that I have much more to add, except to point out that today's very low opening of Nokia, can be again treated as a pullback as long as it doesn't fall down way below its opening price!
In the case it doesn't fall down too much from 2.61 - 2.59, I believe that technically is is a good buy opportunity.
We have a good looking symmetrical triangle share formed on an uptrend period , on a decreasing volume throughout and high volume on breakout with a beautiful pullback for those who did not catch the pullback.
As I said I want this to be a SIMPLE purely technical overview.
Speculative BuyAfter losing more than half of its market cap, Nokia fell into extremely oversold territory. Recent reports suggest that Windows-based Nokia Lumia phones are already shaking the smart phone sales. According to the majority of AMZN customers, the Lumia phone feels better than iOS and Android smartphones. I think this alliance could prove to be highly profitable in the long-term.
