Gamestop's 15m chart just before it started its crazy upward course and Nokia's chart now.
Any similarity of the two diagrams can be accidental!
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you see how nok crossed below the 200 ma? nok is in a bear trend
Gnothisafton
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@ssver37, This chart is of very short-term trend (15m). See the weekly chart. Nok's price is above 30w and 50w SMA and RSI, MACD are bullish too.
verrich
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@Gnothisafton, ah nice, totally missed the timeframe on there
mmalkuwari
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But what about the difference in market cap and new restrictions on buying from exchanges? Will that invalidate the chart?
Gnothisafton
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@mmalkuwari, The game in NOK (and LUMN) is led, in my opinion, by big players (on Thursday NOK had more than 1 billion Volume) who have no problem to raise larger capitalizations and of course will help the many thousands of small investors that follow.As for the restrictions, they can not prohibit the purchase of shares in companies like Nokia. At least I didn't see that.
mdholariya
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@Gnothisafton, looks good to me.... looks like this is more like earning play.
Gnothisafton
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@mdholariya, I agree with you, and at last the stock is not a bubble. The fundamentals and technical picture of NOKIA show that it is worth investing in it at the current levels.