Nokia (NOK) : Consolidation amidst bad news…

Despite bad news of Sony Ericsson (and now Samsung) ditching Symbian, Nokia share price isn’t going down much.

From the chart, we can see some consoldation and range bound trading for NOK.

Seems like this is a consolidation period with the market giving the new CEO some breather during his ‘honeymoon’ period.

One of the speculation is Nokia will embrace multi-OS approach in the form of licensing Microsoft Phone OS.

It is hard to comment if that approach will revive Nokia (or even act as a stop-gap measure to attract consumers).

But, I do remember that when Palm license Microsoft OS, it wasn’t that great a company until the WebOS was shown.

Thinking out loud. Won’t licensing another OS eats into the margins?

By iam802

Trend trading with Ichimoku