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Monday, April 02, 2007 

NOKIA shares fell today, WM

Chart courtesy of stockcharts

Shares of NOK fell more than 1% today after the newly formed Nokia-Siemens venture warned of a slowdown in spending on telecom equipment in some regions and trimmed its forecast for the year in mobile and fixed infrastructures. Looking at the chart of Nokia in US, the trend technically still up. I'd rather await to see if supports hold before opening a long position, or if break the uptrend line opening a short position.

Chart courtesy of stockcharts

Shares of WM fell today more than 1.5% closing at 39.74$. Look at the chart chart MACD fast crossed below slow line, a bearish indicator. Stock has a support at 39.50$.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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