Above you will see a weekly chart of NOKIA's stock on the NYSE. Along with it i've included the 20,50, and 200 DMA's simple. We can analyze this stock in various ways. Im going to try to keep it simple so that I dont get too confused myself. First off we can already see that the stock is in an upward trend and currently if we place a straight line (support line) below that trend we can find that the price is almost touching that line or is very close to it. Therefore, the price is at the support of the trend and has the possibility of bouncing off that support continuing its upward momentum. If you look closer at the more recent days we can see that the stock has had about 6 down days where sellers came in and believe that the price will not hold above $8 per share. Today NOKIA closed above 7.71 and engulfed the last 3 days of downward candles just like that! If tomorrow's low is no less than $7.50 than we can almost be certain to see a jump above $8.

My game plan: Wait for tomorrow's confirmation of a price no less than $7.50 and a closing price above $7.70.

Buy 100 shares @ $7.71
First exit 50 shares @ $8.15
Second exit 25 shares @ $9
Third Exit let it ride

"these are just my opinions and not a buy or sell recommendation. i hold no position in this company nor are they paying me to post this".