[isatrader]

NOK looks set to open with a Stage 2 continuation move today, on a buyout deal with Microsoft for it's handset business. It is currently trading around the 5.40 level pre-market, which is about 40% above Fridays close of 3.90

[Jere]

NOK looks set to open with a Stage 2 continuation move today, on a buyout deal with Microsoft for it's handset business. It is currently trading around the 5.40 level pre-market, which is about 40% above Fridays close of 3.90

I had that one on my watch list also. At least we are fishing in the right spot. ; )

[isatrader]

Attached are a few of today's breakdowns from my daily scan. SKH and FL

To see today's complete list of Daily Breakouts and Breakdowns in the US Market that I post each day in the Elite section of the site, then you need to become an elite member. Details can be found on the front page of the forum here: http://stageanalysis.net/forum/index.php#anchor

[Jere]

Interesting weekly chart.

[theory6453]

Nice bear flag, its already dropped 20%, but the longer the base the greater the move. and this on has over a year and a half of horizontal movement. PNF chart shows a bearish target of 14. MOS is in the same note. What I really like here is that there is no support level nearby for the last 2 years!

Hey Jere. Can you post the PNF chart for POT that shows the bearish target of 14? I am new to PNF charts so I'd like to see if I can figure out how you are arriving at that target.

Thanks in advance!

[isatrader]

Nice bear flag, its already dropped 20%, but the longer the base the greater the move. and this on has over a year and a half of horizontal movement. PNF chart shows a bearish target of 14. MOS is in the same note. What I really like here is that there is no support level nearby for the last 2 years!

Hey Jere. Can you post the PNF chart for POT that shows the bearish target of 14? I am new to PNF charts so I'd like to see if I can figure out how you are arriving at that target.

Thanks in advance!

I'll post it for Jere, as he's not online at the moment. Attached is the standard P&F chart that shows the Preliminary Price Objective of 14, as the initial column since the triple bottom breakdown sell signal hasn't had a three box pullback yet, so the target is still not finalised.

Go to http://stockcharts.com/help/doku.php?id=...objectives for a full explanation of how to calculate price targets on P&F charts.

[Jere]

Nice bear flag, its already dropped 20%, but the longer the base the greater the move. and this on has over a year and a half of horizontal movement. PNF chart shows a bearish target of 14. MOS is in the same note. What I really like here is that there is no support level nearby for the last 2 years!

Hey Jere. Can you post the PNF chart for POT that shows the bearish target of 14? I am new to PNF charts so I'd like to see if I can figure out how you are arriving at that target.

Thanks in advance!

[isatrader]

ALTR is attempting to make a Stage 2 breakout today and is crossing above the relative performance zero line, but it lacks volume though.