SimonRasmussen
Short

Nokia testing lows in bearish flag formation

CHXEUR:NOKIAS   NOKIA OYJ
a month ago
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.
a month ago
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.
As the swedish exchange closed, price broke out of the horizontal formation. I consider new entries to be relevant at this point.
Reply
From the morning price has fallen sharply after breaking the formation last night. Still a lot of momentum in the stock.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out