Nokia: +123% on the trade, but technical signals call for caution

Nokia Oyj ADR is at week 24 of a buy signal opened on the New York Stock Exchange. Model coverage is complete: all 3 statistical targets have been reached, and the trade stands at over +123% from entry. The remaining 40% continues with a trailing stop on the weekly Inversion Point, in the 13 area. This week closed up 2.9%, but the 2 prior weeks had given ground: the technical picture deserves a careful read.