Tuesday, July 17, 2007

Nokia (NOK) gains from N series smart phones.

Nokia (NOK) has started nice uptrend since March this year. At chart there is visible bullish divergence with MACD. Technically I expect short correction but still with long term positive outlook.
Something has been changed in handset industry. Consumers started to prefer cheap cell phones. Especially Motorola (MOT) was hit by this trend. Research in Motion (RIMM) and Nokia seems to have more loyal customers.


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