1NOKIA trade ideas
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.