Nokia to Drop Further. We look to Sell a break of 5.24 (stop at 5.45)
Nokia Corporation - Short Term - We look to Sell a break of 5.24 (stop at 5.45)
A move through bespoke support at 5.40 and we look for extended losses. Our overall sentiment remains bearish looking for lower levels. A lack of clear direction has formed a channel on the intraday chart that has a mild bias to break lower. We look for gains to be extended today.
Our profit targets will be 4.38 and 4.10
Resistance: 6.00 / 6.40 / 7.00
Support: 5.40 / 5.00 / 4.00
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