Nokia (NOK) has seen some "wild" price action in recent days, perhaps influenced by chat rooms and blogs. Let's check out the charts and indicators to see if this is a "random" event or foreshadowing of something else.
In this daily Japanese candlestick chart of NOK, below, we can see that prices had a quiet existence until a few days ago. NOK exploded sharply higher and trading volume surged to many times the typical daily turnover. Gains above $6.50 were rejected - notice the large upper shadow. Prices have continued to retreat and have nearly filled the entire price gap (or window).
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