This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The Nokia Share (NOK) Daily Diagram Technical Analysis Training shows the following:
The NOK consolidates for a long time now into the ascending triangle. All these consolidations are above EMA 200. There is a sense of bull market because the EMA 50 is above EMA 100 & EMA 200 and EMA 100 is above EMA 200 too. There are some Golden crosses from Sep 2013. Now all these are supporting the share.
MACD is turning bullish today on the zero line. RSI moves towards to 56.
If you see the share's old prices levels you can see that $7.92-$7.95 was a support for two times in the past. Now is the resistance.
If the share breach this, the next resistance is at $12
Good luck!
The Nokia Share (NOK) Daily Diagram Technical Analysis Training shows the following:
The NOK consolidates for a long time now into the ascending triangle. All these consolidations are above EMA 200. There is a sense of bull market because the EMA 50 is above EMA 100 & EMA 200 and EMA 100 is above EMA 200 too. There are some Golden crosses from Sep 2013. Now all these are supporting the share.
MACD is turning bullish today on the zero line. RSI moves towards to 56.
If you see the share's old prices levels you can see that $7.92-$7.95 was a support for two times in the past. Now is the resistance.
If the share breach this, the next resistance is at $12
Good luck!
