NOKIA VOLATILE TO RISE
The Finnish company NOKIA (NOKA) has shown a lot of volatility in recent times.
Still, at least for the moment, we have no sign of weakness within the current range of prices. Increasing minimum and maximum are there, which is what really matters. In the short term, we can not rule out some additional correction but it is certain that, in that it does not pierce the last growing least or minimum reaction in 6.90 euros there is nothing to worry about.
The corrections to the level between 6.90 and 7 euros, weekly closure, are the ideal time to take advantage to open bullish positions.
The first objective of increase is in the resistance of 7.90 euros.
Recently the Finnish company Nokia (owned by Microsoft) announced the purchase of all shares of its French competitor Alcatel-Lucent in a transaction valued at 15,600 million euros.
The transaction will be carried out through a public offer of exchange of shares between the two companies, so that the shareholders of Alcatel-Lucent will receive 0.55 shares in the new company for each title of the former.
Nokia will get 66.5% of the combined group and Alcatel with the remaining 33.5%, creating a giant with about 114,000 employees and 26,000 million euros turnover.
The new company will be called Nokia Corporation, will be based in Finland and will be the world’s second largest manufacturer of mobile phone networks in terms of market share, behind Sweden’s Ericsson.
Read more:
http://company.nokia.com/en/investors
http://www.alcatel-lucent.com/investors
bewayopa 
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