|
NOKIA CORP
(NOK-NYSE):
Technical Viewpoint: From a low
of $135 7/8 on Nov 30, 1999 prices
rallied, reaching a
high of $179 1/8
on Dec 6, 1999. A
decline saw prices pull back, reaching a
low of
$150.00 on Dec 15, 1999.
Another rally saw prices penetrate
resistance, closing 12/29/99
at $183.00. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Dec 16, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $168.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 29, 1999. A P&F upside
reversal takes place at $175.00. Summary: Technical indicators have turned bullish. BUY! NOKIA CORP
(NOK-NYSE) @ $183 1/2 Stop: Use a protective stop of $180 1/2.
NOKIA CORP is currently trading @ $183.00 plus $15 3/4 on Dec 29, 1999. Price Objective:
$235.00. Risk/Reward: $3.00 VS. $51 1/2. Today's Risk Reward Ratio: 17:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$235.00
Risk/Reward:
$3.00 VS. $51 1/2
Risk/Reward Ratio:
17:1
|
