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Is NOK gaining bearish strength? Lower Bollinger Band Walk shows up after declining 2.5%
NOK closed down 2.5% on Friday, July 17th, with volume running 1.1× above average. Lower Bollinger Band Walk — typically a warning sign for traders — developed during the session. Key support levels exist at 9.85, 9.59 & 9.34, with resistance at 10.36, 10.61 & 10.87. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of NOK: C
There’s more where that came from. See all of today’s signals for NOK here.
Read full article here »