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Author:

Jester Debunker

Subject:

Off Topic

Date:

11/02/15 at 9:21 AM CST

 

 

READ: 4

RPLY: 1

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Sentiment:

Neutral

Reply to:

MSG`#3067,`10/31/15
By LongTerm CapGains

 

Re: NOK's Gap up this week

LT, the NOK gap down of late April was filled by early June. And that was a proper fill too, not a gap-up fill, which I'm only guessing that the latter would presumably have less substance. So I don't believe the April gap down has any bearing currently, however the current price of around $7.48 is resistance, since that was the June high and the top of the April gap. A backfill to $7 would not surprise me, since that's likely strong support now, and if it breaks through $7.48 that will likely become support too, and the short covering boost from that action could take it to $8 easily.

Thanks also for your continued posts on ALU etc. I'm holding a few K shares there that are up 25% or so.

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