$Nokia Oyj(NOK)$ Buy Candidate
The Nokia stock price gained 0.759% on the last trading day (Wednesday, 30th Aug 2023), rising from $3.95 to $3.98. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.758% from a day low at $3.96 to a day high of $3.99. The price has risen in 7 of the last 10 days and is up by 5.85% over the past 2 weeks. Volume fell on the last day by -5 million shares and in total, 11 million shares were bought and sold for approximately $43.46 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Nokia finds support from accumulated volume at $3.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Credit: StockInvest.US
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