The comparative chart of NOK, LUMN and ERIC is presented to think and draw the right conclusions. ___
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
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"Observe, reflect on the comparative charts and draw your own conclusions."
Thanks for posting this. It seems to hold meaningful information. I have been reflecting on it. I'm not quite through drawing a conclusion. It looks to me like institutional investors are shaking down retail investors and using that money to fund large, long-term positions in 5G (and eventually 6G) telecommunications. But that may be bias. I moved into NOK a few days before the meme-stock fiasco and now it's hard to adhere to my original plan. The stock has become "emotional."
The chart shows that the more the small investors were guided to buy massively certain stocks (NOK, LUMN) from the media,
the greater the initial rise and the worse the fall and the continuation.
Unfortunately it doesn't seem to be a shakeout but an entrapment. In last days NOK has been retreating slowly with minimal (relative to its rise) volume.
This shows that, although the stock has broken downwards the 200d SMA, the small investors hope there will be a recovery soon and refuse to record their loss by selling.
I fear they will be forced to do so when the loss becomes huge. Hedge funds have no reason to release the money of small investors to higher levels
and I assume that they also want to punish them for turning against them.
Thanks for posting this. It seems to hold meaningful information. I have been reflecting on it. I'm not quite through drawing a conclusion. It looks to me like institutional investors are shaking down retail investors and using that money to fund large, long-term positions in 5G (and eventually 6G) telecommunications. But that may be bias. I moved into NOK a few days before the meme-stock fiasco and now it's hard to adhere to my original plan. The stock has become "emotional."