NOK Just had a Breakout of the Raising Wedge supported by sufficient Daily Volume. Secondly, the 14 Day & 52 Day Moving averages are about to have a GOLDEN CROSS.
With NOK controlling 25% of the 5G Telecon Equipments Market, it is looking to go for a RUN before the upcoming earnings
NOTE : NOK is expected to have a strong Q4 as per Projections. Given that they have cut dividends already, their Cashflow should increase by a Minimum of 500M Euros this excludes the cash from Operating Profit.
I expect it to hower around 4$ for a while, because the last rally was due to NOK signing 5G deal with Vodafone AUS. I to make the move after news on trade deal (Jan 15), going up or down all depends on whether Huawei's restrictions will be removed or not.