There is a ton of resistance in this area, if you look at the one year NOK chart, back on April 30th 2015, when the ALU acquisition was announced, NOK (and ALU) took a beating on very high volume.  The stock is bumping up against this resistance.  On the positive side, NOK is on the cusp of a golden cross and the fundamentals will increasingly be on the mend for the combined company, so I believe it is a matter of time before it breaks through this level, even though the wait seems longer, but then we all know that watching and waiting for some event, it always seems as if time just stops or crawls.

The chart looks quite positive, it as it has repaired the technical damage that took place on that April 30th day.

Link to chart:

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