Nokia Corporation Outlook

The stock symbol NOK for Nokia Corporation. A company that provides mobile and fixed network solutions worldwide.

Recently the stock hits a low price of around $2.25 the week of March 9, 2020. Since then the stock formed the triple bottom bullish pattern . In addition, the stock retested the $5 level around the week of Jul 26, 2021.

Looking at the DM Indicator, ADX is rising sharply. +DM is in control. Macd is rising and is above the level 0.

I have a bullish feeling for this stock. A pullback is possible to around $4 to $4.50, but I feel that this stock has the potential to test $6 to $6.50 level.

Thank you for reading.

Greenfield/ Xanh

Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.