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Nokia Corporation Message Board

  • sirosh sirosh Feb 25, 1998 3:35 PM Flag

    Technical Breakout!

    If Nokia doesn't crash tomorrow, we will have a very bullish technical breakout in progress. It is a double-top breakout at
    two time scales: first, in the last few days, Nokia closed at 100, fell back to 98, and now it is breaking out of the 100 mark.
    That is a double-top breakout. Second, nearly four months ago, Nokia hit 101, fell back in the October-November crash to 65 or
    so, and now it is breaking above the 100 mark again. A technical analyst would tell you that this is incredibly bullish, and
    portends a long sustained uptrend. Let's hope that technical analysts get things right this time.

    Joseph

 
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