Good Afternoon Fools.NOK today drawn a nice tech. bottom figure called Morning Star Pattern on daily candlesticks with nice break-up volumen on 80M shares traded in Nasdaq Nordic OMX and NYSE.It seems to me that it could be a decent bottom to go Long.If you add that NOK is long-term trending lower, and it has what it seems a final 5th downtrend Elliott wave theory pattern. NOK at today price presents a nice reward risk ratio for patients investors willing to go Long on this undervalued company, looking for a turnaround story with big partners like Microsoft and Siemens in the telecom arena. Have a nice day and Love from Spain.www.elnidodelaguila.eu [more]
It seems to me that NOK it could be a nice long term buy at today market price level. Mr. Market is pricing NOK as if is going out of business, but i don´t think so... I see Nokia as a survivor due it´s patents portfolio, restructuring efforts and it´s still big market share in handsets plus it´s net/data business with Siemens.
Tech. speaking i´m a fan of Elliott´s Theory; and i can see that 5º downtrend wave finish NOK downtrend pattern. So time for investors with some faith on NOK´s turnaround, to get into this undervalued tech.gem
Have a nice week-end.
Good Morning Fools:
ETF (EWP) as a Twin of Spanish Ibex-35 it could benefit from last friday Buy signal made in Spanish markets.
We could see a complex bottom Inverted shoulder-head-shoulder after a nice break-up candle with nice volume was drawn last friday. Late €/Us.$ exchange confirms that investors are willing to get into some risk aproach, after market value becomes fair valued.
Swing trading Long EWP it could be the right choice for this hot summer.
Have a nice swing-trade.