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Nokia Continues to Show an Impressive Long-Term Base Pattern

·2 min read
Nokia Continues to Show an Impressive Long-Term Base Pattern
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The On-Balance-Volume (OBV) line shows a slight drift lower from early August and the Moving Average Convergence Divergence (MACD) oscillator recently moved below the zero line for an outright sell signal. The weekly OBV line shows a very dramatic-looking rise from early 2020 and that suggests some very strong and aggressive buying. In the daily Point and Figure chart of NOK, below, we can see what appears to be a large (but slow moving) base pattern.