is down nearly 10% in pre-market following it's disappointing margin announcement for it's core business, Nokia
Networks. The stock has established a long term double bottom
, is in a long term uptrend, and the 23.6% fib retracement level from its 2000 high to its 2012 low is at $16. Nokia
need to hold the long term monthly uptrend for a continuation towards the 23.6% fib retracement level.