DRP37

NOK Weekly Fib retrace

Long
BATS:NOK   Nokia Corporation Sponsored
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Weekly chart is flirting with the 50 MA and the last horizontal resistance before the $5.00 horizontal resistance. Also, if you move to the daily chart , NOK just broke the 200 MA. There were reports about the major banks picking up shares of NOK and I think this in anticipation of NOK's first positive quarterly report in a long time coming the next time they report.

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