Nortel Networks


Junior member
Can you help please?

I want to sell my Nortel Network shares as my analysis points towards a down trend to around $3.98 dollars can anyone advise if this is a good move. Will they go down or up?


Kal. :LOL:


Established member
Looking at the LT chart, it seems to me that NT has run into very severe resistance around 4.76 (R1). This the southern doji of Sep 01. If it can break-out, upside could considerable R2 at 6 and R3 at 9.
As Johnny indicates you basically have made up your mind. Perhaps you should follow your gut.

PS. I have only looked at candles and not faintest idea what's going on with NT, but
PS2. Downside on this stock could be much more than your listed 3.94.
PS3 I would argue that this is perhaps a good risk/reward smallish short trade, thanks for pointing out. Sell at 4.54,Targetting below S1 4.06, S2 3.75 or below S3 3.55 risking a close above the 9 September high of 4.73.
Looks like a good trade?


  • nortel weekly.png
    nortel weekly.png
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Established member
briskg, how did you get on with NT? The risk/reward of a short trade has even further improved! NT is lagging the market on the way up. Surely a sign of weakness.
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