Looks like Nokia has broken the downtrend. Possible reversal starting
If you bring up a candlestick chart and then draw a line from the tops from mid Jan all the way down to April 1st 2013(excluding Jan 23rd as an anomole) , then another line parallel to it for all of the bottoms of the candlesticks, it shows that NOK has clearly broken the downtrend, which may signal a reversal. Draw the same chart from Nov to Mid Jan and you can see where it broke the uptend on 1/24 and then 1/25 confirmed the break of the uptrend. This has been a fairly good way for me to see when trends have been broken.
looks like the MM have a 2 or 3 M order for the closing cross. We'll have to see what moves across the after hours. Most likely covering. Short interest will be updated after the close too. Will be interesting to see how shortie did with the Stoxx 50 exit vs. taking us down for a dump.
You need more than a single good day before you pronounce the downtrend broken. Nokia has had plenty of good days on the way down and what has become of them? Lets see Nokia put a couple of these days together, back to back.