FLATTENING TO BOTTOMS - SELLERS STILL THERE - NOKIA -DAILY
We have noticed that the market price is flattening. From a long super drop, it has been evolving in a horizontal range which is still going a bit down.
The bottom black lines are showing probable bottom and potential extended bottom.
Whenever the market price finds regularity in the long direction, sellers come to push it back down.
To resume the recovery is very hard and the fall easy to engage. Very pessimistic.
The top blue line is showing a zone where sellers are stronger. Their action zone. Breaking that point would possibly announce a big movement upwards.
Positive side: The market trend is less elastic in the decrease direction and have been trying to run horizontally rather than downwards.
Investors sentiment is probably what the price reveals. Waiting maybe for a decision in the board or expecting a technological move to revive Nokia Corporation's price up.
The bottom black lines are showing probable bottom and potential extended bottom.
Whenever the market price finds regularity in the long direction, sellers come to push it back down.
To resume the recovery is very hard and the fall easy to engage. Very pessimistic.
The top blue line is showing a zone where sellers are stronger. Their action zone. Breaking that point would possibly announce a big movement upwards.
Positive side: The market trend is less elastic in the decrease direction and have been trying to run horizontally rather than downwards.
Investors sentiment is probably what the price reveals. Waiting maybe for a decision in the board or expecting a technological move to revive Nokia Corporation's price up.