Stelian

Nokia buying the dip.

Long
BATS:NOK   Nokia Corporation Sponsored
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1
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.

Comments

I am so happy I did this trade now.
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Perfect trade.
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Nokia’s ongoing efforts to restructure and invest in a new direction for its mobile phone business is pushing the company into borrowing against its reserves: today the Finnish company said that it would make an offering in Europe of senior unsecured convertible bonds amounting to €750 million ($979 million), which it said that it would use to service debt “while preserving existing pools of liquidity and for general corporate purposes.”
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