Few days ago I had posted a trade gain of 11% at Nokia, playing at the same time with the results of that company (which is dangerous but the results normally follow the trend, that’s why I love technical analysis). At that post, Matthew from NSeriesus asked why we talk about stocks in a phone related website. The reason is simple: As I trade in the stock market I could help Meraj improve other areas from this niche (mobile phones) so that we could diversify our themes and have also a different audience, such as people who love Technology stocks!

Back to the Nokia Analysis…We have been observing consecutive little Gaps on the daily price, which lead us to conclude that there is indecision, also, the volume on this uptrend is a diminishing one, showing that the bulls might NOT be strong. In the same view the main and primary trend is lower, the longer term moving averages are lower, and the stock is resisting at 27,90 (23,60% of fibonacci). So then, my advice is to wait until it proves the innocence, which means, wait until you see if there are a reaction in the 50 day Moving Average, which again means, there might be a possibility of retraction through 26,38 - If you are able to, you can simply short it! Also add a stop loss over 28,38 in that trade.

If you are a passive trader, wait for that reaction at 26,38…be passive, because the short term trend still up and we don’t want to discover tops or bottoms; we want to follow the trend. That’s it!

Few days ago, on 15th and 16th June I wrote a post giving you a buy signal at Nokia (NYSE). In the next day the shares spiked up 8,67%, a very nice gain with those 2Q results above the expectatives.

According to that, yesterday my system gave a buy signal to Nokia, off course it is based on a money management way to take profits and cover the other positions. If you are an aggressive investor, you should close the other trade at Nokia and open a long trade - 24,70 is a good price

This was what I said on the last post.

If you really bought Nokia at 24,70, you are making 11,38%, which is truly more than what the annual fix deposit gives us.

The next thing you have to do is to increase your stop loss to a value below the 50 day Moving Average, something between 26,50 and 25,78. Anyway, you made profit!!!

Motorola (NYSE) shares are also up, but I would only buy them above 7,70!

No. I am not crazy, but my thoughts today finish with the conclusion that markets will probably continue going higher.

In the last post I wrote about Nokia, I referred the Doji Patterns:

But, in the other hand, Nokia also followed Motorola’s way touching new yearly lows at 28,28, but again doing the Doji Pattern (a pattern of recovering) as it done two days ago.

The THING right now that we need to watch is what Nokia will do, will their shares follow Motorola? Or, will they fight against the storm?

Motorola had truly bad results, Nokia wasn’t too great, but Samsung and Sony Ericsson are the stars from mobile world, with great earnings and good profits.

Today (I mean, yesterday, at Seoul, Korea), Samsung presented first quarter earnings, and in my perspective with a great outlook, with a good sales increase and beating estimates.

Yesterday (I really don’t know if I should say today or yesterday, but I am talking about the last market activity), Samsung shares rose by 4,5% to 690,000.000, with good results. As that, Monday might be a great day to the Korean Market with Samsung impulsing the whole market (Samsung have capability to conduct Korean market, as its company dimension and quantity of shares, just like LG), after earnings from liquid-crystal displays jumped to a record and profit from mobile phones surged to a four-year high. The company, whose chairman is stepping down after being charged with tax evasion and breach of duty, is projected by analysts to sustain growth as chip prices recover in the second half. Just look at the profit and look at the chairman situation Let me remind you that the Korean Index, KOSPI, reached new 3 month highs.

First-quarter net income rose 37 percent to 2.19 trillion won ($2.2 billion), Asia’s largest maker of chips, flat screens and mobile phones, said in a statement today. Profit and sales at the Suwon, South Korea-based company beat analyst estimates.

One analyst, from this journal, Forbes, had this information:

‘The first-quarter results are really impressive. I will revise my target price for the stock again, given the company faces better seasons ahead,’ said Song Myung-sub, an analyst at CJ Investment & Securities.

He upgraded his six-month target price for Samsung Electronics to 740,000 won from 610,000 won just a month ago.

I remind you, shares closed at 690,000.000.

Have nice and good investments and also a nice weekend.

[This is MH, not Meraj. MH is our financial expert, which had problems with his login]

I am making this post simply to refer that today we had a great “upper side” day on Wall Street technological stocks, including Broadcom, that moved more than 15%, with great results (unexpected by the analysts)

“The company posted net income of $74.3 million, or 14 cents a share, compared with profit of $61 million, or 10 cents a share, for the year-earlier period. Revenue was $1.03 billion, up from $901.5 million.

The company said its first-quarter revenue included royalties of $35.6 million in connection with a patent licensing agreement.

Analysts had expected the company to report earnings of 27 cents a share on revenue of $991.3 million, according to a survey by FactSet Research.

For the current quarter, the company said it expects revenue of $1.075 billion to $1.125 billion.”