NOK Following Our Bullish Script In Reaction To Earnings

NOK (Nokia) is following the bullish script we discussed yesterday morning:

I can make a compelling technical argument that NOK is in the process of emerging from a 15-year base-accumulation period and pattern that implies considerably higher prices, the lowest target of which is 11.80 to 12.30. For the time being, the technical work suggests strongly the NOK is a "keeper" that should be accumulated into weakness, and added to above 5.80... If my work is reasonably accurate, then this under-the-radar name is about to recreate significant interest once again... Last is 5.57...

Fast-forward to this AM, we see NOK has thrust to the upside in reaction to Earnings (See Seeking Alpha snippet below my Daily Chart), into consequential resistance lodged between 6.00 and 6.70... As long as any forthcoming weakness is contained above 5.50 on a closing, worst-case pullback basis, my work says stay long, be long, because the best is yet to come on the upside....Last is 6.10...

From Seeking Alpha:

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Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

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