$NOK Weekly Breakout

17 Eyl 2014

Great looking break out in Nokia. Following a long term decline this heavily out of favor handset maker is pretty much off the radar with the recent announcement of AAPL's iPhone 6's.

The S&P 500 is in a raging bull market with many companies breaking all time highs the setting is right for a sympathy play.

Price structure must support this logic always remember even if you trigger fundamentally you must still enter technically.