NOK NOK long

Nokia getting into zone. Selling volume is decreasing.
Technically it's getting closer to 200 MA (4.18) on daily chart.

I expect to bounce upwards.

Yorum:

From technical perspective looking at 4h chart this thing is going to explode. Indicators I look for:
- RSI 14 days is at 43
- MACD is turning around at -0.10, -0.07, -0.03
- Fibonacci zone reached the bottom of downtrend zone
- Volume is decreasing, specially selling volume

and beside all, compared to DAX index it's inversely correlated with -0.58. This is a buy.

Yorum:

Looking at financial data, this company is sound, so anything below 4.20 is a steal. Based on future outlook and expectation, healthy bull run is incoming anytime when this FOMO-option run is done.