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Technology Stocks : Nokia Corp. (NOK)
NOK 7.135-2.6%Oct 30 3:59 PM EDT
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To: The Ox who wrote (9201)2/15/2017 1:02:02 PM
From: Rarebird1 Recommendation

Recommended By
Stock Puppy

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The stock needs to beak above the $5 level to give a signal that the short term downtrend is over. It does look encouraging, though, as the last couple of times the stock touched the $5 level, it backed off considerably right away. To base out here a bit, would be very bullish. Moreover, the CEO had some very positive things to say on the most recent conference call.

Bottom line (Short Term): I'm encouraged a bit, but further confirmation is needed in regard to the shares. A strong rally above $5 is needed.

Bottom Line (Long Term): There is the strong potential for a 10 bagger by 2020. But 2017 is a crucial year for the turnaround situation and patience is needed.

Disclosure: Long NOK.
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