Many people have commented on buying Nokia's dip so I do not feel that I have much more to add, except to point out that today's very low opening of Nokia, can be again treated as a pullback as long as it doesn't fall down way below its opening price! In the case it doesn't fall down too much from 2.61 - 2.59, I believe that technically is is a good buy opportunity. We have a good looking symmetrical triangle share formed on an uptrend period [since mid July], on a decreasing volume throughout and high volume on breakout with a beautiful pullback for those who did not catch the pullback.
As I said I want this to be a SIMPLE purely technical overview.
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Stelian
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I am so happy I did this trade now.
admin
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Perfect trade.
charttrader
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Nokia’s ongoing efforts to restructure and invest in a new direction for its mobile phone business is pushing the company into borrowing against its reserves: today the Finnish company said that it would make an offering in Europe of senior unsecured convertible bonds amounting to €750 million ($979 million), which it said that it would use to service debt “while preserving existing pools of liquidity and for general corporate purposes.”