lundi, mai 21, 2007

NOKIA

The long term chart of NOKIA looks pretty good to me.
The flat base pattern is one of my favorite long term pattern and usually this move signals a profond change in trend.
Price moves horizontally for months, making peaks and valleys as price moves forward, but hitting a generally flat top, flat bottom or both.
Once price closes above this top, it has pierced overhead resistance and is free to move up.
That is exactely what is happening for NOKIA now
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