NOKIA ---- The Power of EMA with fibonacci
EMA89 was broken - what's next?
I use EMA 13/34/89/144 indicator and RSI stochastic for this analysis. I've been use it for quite a while, and found it useful for my trend analysis. After significant optimism over at least 4 consecutive quarter, unfortunately the price trend has changed. EMA 13/34 dead crossed, continued with price drop below EMA89 with a low volume. Most likely will also drop further until EMA144.
Further we can see also open gap below ( mark with number 1, 2 and 3), which like it or not will be closed sooner or later. Unless there is significant move fundamentally, perhaps it will rebound technically.
I believe if NOKIA able to promote faster 5G Technology adoption, it will be a game changer for them, while at the same time they have strong competition from China vendors globally.
I use EMA 13/34/89/144 indicator and RSI stochastic for this analysis. I've been use it for quite a while, and found it useful for my trend analysis. After significant optimism over at least 4 consecutive quarter, unfortunately the price trend has changed. EMA 13/34 dead crossed, continued with price drop below EMA89 with a low volume. Most likely will also drop further until EMA144.
Further we can see also open gap below ( mark with number 1, 2 and 3), which like it or not will be closed sooner or later. Unless there is significant move fundamentally, perhaps it will rebound technically.
I believe if NOKIA able to promote faster 5G Technology adoption, it will be a game changer for them, while at the same time they have strong competition from China vendors globally.
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