NOK-updateStill running for the 11-13 level and it looks that price reached a reversal zone- or a slight pullback in the making. Good opportunity for adding or buying.
1NOKIA trade ideas
NOK- FB look alikeInteresting pattern in both NOK and FB yet differnt as harmonic pattern. NOK shows a sea horse pattern and a long entry would be after the price gets into 7.40-7.50 area.
Nokia is moving up. Using Gann Fans to illustrate the increase in bullish movement in this equity. The chart is composed of four fans. The fans labeled A are identical twins. The fans labeled B are also twins. Looking at these fans it is clear NOK is moving up at a much faster rate as it looks to clear the red angle of fan A. Volume also increasing.
Nokia multi-years Elliott Wave countIf my count is correct, the price should go up for some time (end of the year?) and then proceed to do the last wave down.
Nokia CloneUsing nmike's techniques, I picked three points for my circle and enclosed it in a rectangle. Then , cloned this rectangle to form a larger rectangle consisting of 10 smaller ones. Next I drew trend lines (yellow x) connecting the corners of the larger rectangle. {Note: this is where I deviated from nmike's instruction) The trend lines forming the yellow x and a horizontal trend line drawn at the center of the large rectangle are references for all cloned lines forming the grid. Placement of trend lines began at corners of smaller rectangles and later intersections of trend lines. I have been experimenting with different versions of nmike's cloning method and this appears to be one of the better ones. Currently price is traveling in a channel it has been in since May but now is nearing a junction.
Nokia's turnSince July, the market appears to be turning in Nokia's favor for the first time in a long time, as price broke out of consolidation. Price continued it's new trend of breaking old lines today. Next bullish target is near 4.60.
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
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.
