In the context of the war that broke out on Wall Street between small investors and hedge funds and in which the serious stocks of NOKIA and LUMEN were unfortunately involved, took place the presented aggressive movement of entrapment of small investors with a -28.40% in Nokia and a -22.46% in LUMEN.
This move cancelled the crossovers of the great resistance of the 200weeks SMA of NOK which is at 5.06 and the 30months SMA of LUMEN which is at 12.83.
One would expect the institutes that organized this move in NOK and LUMN not to act vindictively, to at least respect the breakdown of these important resistances and not to play with investor confidence in unwritten market rules and technical analysis. Stocks of serious companies with good fundamentals and excellent prospects should not become yo-yo shattering investment confidence and turning Wall Street into a casino.
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