That's it, I closed my trade at 25,60 this morning. I told you I wanted to see the reaction to the 50 Day Moving Average, and again we are seeing some support at this zone, 25,50 to 26,20, which means we might get out of the short trade. If you opened the short trade at 27,80 and closed today at 25,50 you really made more or less 10% profit.
At the moment, It is better to stay out from Nokia (NOK), trying to figure if the stocks will remain lower ofr if there might be a reaction, because, as you know Motorola (MOT) is now above 10$ and going higher. So the question is if Nokia will follow Motorola's uptrend...
Right now I am out of this two stocks waiting for better oportunitties, but I remain doing little trades at MOT, trying to take some profits on the minor trend formation.
If we add this profit to the last one, we have right now more than 21% which is great!
In terms of fundamental analysis, the finance sector remains very very suspicious(...).
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