Analyzing the options chain of ERIC Telefonaktiebolaget LM Ericsson prior to the earnings report this week,
I would consider purchasing the 5usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $0.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward...
ERIC is gapped up this morning, got filled yesterday during the downturn at a ridiculously low bid, & was up well before market close. As you can see the daily chart is what's used, it was easy to see the turning point on volume looking for swing trade type positions. ERIC is expected to give earnings today & is expected be positive. ERIC has huge upside potential...
eric industry 4.0
great stonk
won't beat a market drop
I'd favour the yellow arrow
orange is possible tho
Planning on btfd in around 3-6 months
NOT INVESTMENT ADVICE
GRI 2022
NOK is showing signs of life, with good buy volumes. Cheapness aside and 5G growth, my view is NOK is a prime target for all the SPAC money out there to take it out. It's a real business with real cash flow. And at a ridiculously cheap valuation, mainly because we are in a market, fashionable stocks take in most of the money flow.
$4.5 could be easily achieved,...
Comparing the percentage overlay of their new 5G competitor ERIC with the playing field even with Huawei out the picture, if NOKIA were to breakout to same the magnitude with 5G sponsporship I am actively targeting $5.60-$6 price level for this quarter. $10 EOY.
We are here at a critical price level here of $4.30 viewing how price action has reacted here in the past
Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It focuses on mobile radio including macro radio, small cells, and cloud native radio solutions for communications service providers and enterprises;...
Ericsson seems to be tracing the last wave of an upward correction that would complete minor C wave. After this it should turn down in another good move down. Follow SKYLINEPRO TO GET UPDATES.
Earnings more or less in line with expectations so it got punished, lol.
Snagging couple thousand shares for my 401k here under $9.5, expect it to head back to $10 area within a couple of weeks.
Ericsson earnings trend has been growing on earnings since Q1 of 2018. (check chart for more info.)
We also received the following news today (07/15/2019 by MT Newswires :
-- Verizon Communications (VZ) and Ericsson (ERIC) said on Monday they have introduced cloud native, container based technology on the core of Verizon's network in a trial, the first...
ERIC looks like it's ready to run!
On the daily chart, if the stock price can break above $8.90, it should hit $10 to $12
Every indicator on the daily chart is BULLISH
As for the Weekly Chart goes...
Every indicator on the Weekly is BULLISH
POSITION: 500,000 SHARES
COST: $8.50
higher timeframe is in defined uptrend and finding support on trendline
intermediate time frame is in accumulation phase after short markdown showing price action making higher highs and higher lows on trendline
moving towards the .236 retracement level of 7.30
rsi is confirming the move and has room to run and break resistance
lowertime frame is showing...
