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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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