Nokia testing lows in bearish flag formation

64 2
Nokia has seen a very strong downtrend recently, which was stopped as price entered into what could be seen as a flag or triangle formation. The previous movement which I have traded myself has been very continous with minimal pullbacks and therefore few decisions to make.

If we can break the current low of the horizontal movements - around level 39 SEK - there is further short potential. Possibly a break of this level could go to the price level of 35 SEK

Note on previous price dynamics: as indicated with two ellipses price dynamic has been markedly predictable around key levels with a minimum of noise

Correction: It would appear I am only allowed to edit the text part, so will add image later with ellipses marked.
Comment: I am personally in a position from last week. New entries would probably best be entered into after a bar close on 15M timeframe significantly below the spike to 39.07 SEK.
From the morning price has fallen sharply after breaking the formation last night. Still a lot of momentum in the stock.
As the swedish exchange closed, price broke out of the horizontal formation. I consider new entries to be relevant at this point.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out