So far, Nokia & Microsoft Windows phone 8 have jumped on broad the China train:
Excerpt from China Unicom news:
“China is a strong area for Nokia, which is the biggest single-country for sales of Lumia devices. In fact, Nokia recently released the first ever Windows Phone 8 handset in China with the Lumia 920T, however that device went to China Mobile, China Unicom’s fiercest rival.”
Now, take a look at the table below:
Based on the three news items above, Nokia is in a position to grasp some of the one billions subscribers. Now, you tell me, do we have a catalyst for a runner or not?
Look at the daily and weekly charts below:
Daily NOK chart:
Do you see a prospective runner in the chart?
Now take a look at the weekly chart below:
Do you see the basing of the bottom? Do you see how much more room this stock can run?
Houston, NOK is ready to take off!
Oh yeah, I’ve bought 3/4 size position and will add to full -size position if NOK takes out the previous 3 days high of $3.90 this coming week.