23 years ago traders were exchanging Nokia stock at $60 a share. No splits since that time and now yours for under $4. Dividend yield @ 1.98%.
On the above 3-week chart price action has corrected over 90%. A number of reasons now exist for a bullish outlook. They include:
1) Price action and RSI resistance breakouts.
2) Price action backtests past resistance as support on a macro bull-flag. Make no mistake how important this signal is. For 23 years it has been huge resistance. This is big news.
3) Support and resistance. Look left. Blue circle. A beautiful signal.
4) Last but not least price action is currently testing the 0.236 Fibonacci level.
Is it possible price action keeps falling? Sure. Is it probable? No.
Ww
Type: Investment Risk: <=6% Timeframe for long: A month at best Return: Will say elsewhere.
What are your thoughts on Robinhood Markets Stock ? ( HOOD ) Bullish Divergence with accumulation has been building for a while now
without_worries
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@juarezhernandez164, I see no buy signals with price action trending in an upwards channel, with rejection from the channel mean. Would wait for under $2.
2-week
without_worries
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@juarezhernandez164, When I published the PACB idea, it had buy signals, was on support. A 200% gain almost. A world apart from HOOD chart below.