As we approach the time-based fib levels, we can see that the stock is still honoring key support levels. Ideally, when we reach the July period, we'll see some volatile price movements. Good luck traders!
Here we see the downtrend line for NOK over a multi-year period. NOK is literally touching/popping out of the trend line. As bullish as NOK is lately, this is an important time for the stock price on the charts. Let's see if we can break out and stay out of this trend from the multi-year chart down the trend line.
Near July is what the Fib Time is projecting for a change in price movement/direction. Until then, one can see the 5 price range is becoming retested. If the price can stay above 5 support, and reach the Fib time extension, one could see a nice upward change in trend.
