BATS:NOK   Nokia Corporation Sponsored
they clearly have been struggling, they are far behind the competition. true

but from the technical point of view NOKIA px just recently left its bull triangle pattern , which was a consolidation period after the rally from the lows.

RSI trendline has been broken to the upside, the price trendline (from the bull triangle) has been broken to the upside, it is again trading above 100d EMA and this test of the upper Bollinger Band is the start of the next wave UP.

Long with first objective target to revisit the high late August ~ 3.25/3.35, but likely to proceed to the calculated projection of the width of the bull triangle towards ~ 3.70/3.80

cheers KP


I'm out now... target been reached. good trade
nice double effect today: stock & EUR rose ... I am still long and took advantage, locked in 50% @ 3.50$ earlier and will raise S/L of the remaining to 2.98$
happy with the latest small upside movement, but unhappy with the stretched timing and nearly zero momentum...
bummer ! bad bearish engulfing candle stick. Long remains given the triangle pattern, S/L @ 2.47 or when RSI is below 40