There's not much to go off of other than the Deep Gartley, but I like the area it's at and it looks like the perfect spot to try to catch a bigger move up after having what could be seen as an overly negative reaction to a slight miss on the earnings report.
Nokia has been slammed over the last 10 years, but they're far from being in the gutter and are working with many leading governments for technology infrastructure .
We can see that a head and shoulder pattern has developed and can see some strong bullish RSI divergence.
This is for the long game.
Nokia has been quiet for years - too quiet I suspect. You remember those old brick phones, the ones that were nearly indestructible, right?
I have been watching Nokia off and on since March of last year, trying to find a decent entry point. This is an update to my original idea linked below.
Due to Nokia's prior reputation, I have for nearly a year had a very...
Nokia is in a historic 1-2 1-2 1-2 This basically means parabolic move. Nokia is changing from a value stock into a growth stock.
Nokia will go parabolic and i will make millions
Strengths
Let’s start with the first part of SWOT analysis of Nokia which is strengths:
The biggest strength of the company is their brand name. Many consumers often opt for Nokia more than any other brand because of the reliability, durability, and creativity their phones provide.
Most of Nokia’s highly qualified personnel have teamed up with Microsoft’s experts...
Nokia stock is well bottomed out and I believe sellers have sold.
It is ranging between 4 and 5 for a good while and there are signs of accumulation.
It is a very food R:R to go long here as entire market looks like it's going to bounce at least 10%.
Setup is nice as it's invalidated with mere -7% from current price level, which means that there can be a tight stop loss.
Easy to read chart- price pressing against the major trend line. Lots of consolidation. Bottomed out fibs. Stoch RSI still needs a bit more flattening on the month in my opinion?
Thoughts?
*Not trading advice.
If i had to put my money in one stonk it would be NOKIA
Nokia is THE Industry 4 Stonk
ERIC is not far behind
Future ideas will now concentrate on investment ideas post reset, as the slow motion crash on stonks is well under way
I think NOK is going to 1.5
From there targets are 15, 50 and 100
NOT TRADING ADVICE
GRI 2022
Nokia Corporation - Short Term - We look to Sell at 5.31 (stop at 5.54)
We look to sell rallies. Previous support at 5.30 now becomes resistance. 50 1day EMA is at 5.44. There is scope for mild buying at the open but gains should be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5.30, resulting in...
Nokia Corporation - Short Term - We look to Sell a break of 5.24 (stop at 5.45)
A move through bespoke support at 5.40 and we look for extended losses. Our overall sentiment remains bearish looking for lower levels. A lack of clear direction has formed a channel on the intraday chart that has a mild bias to break lower. We look for gains to be extended today....
Nokia Corporation - Short Term - We look to Buy at 5.33 (stop at 5.16)
We look to buy dips. Trading within a Bullish Channel formation. A higher correction is expected. Previous support located at 5.40. We expect this move higher to continue and look to set longs in early trade using previous lows as a stop.
Our profit targets will be 5.76 and 5.95
...
Bearish on Nokia once again. Downward zigzag with technical suggestion of further downward movement.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere...
My fav stonk
Deep f'ing value back to the future tech titan now focused on industry 4/5
This LOOKS bullish
But combined with the general market, decreasing volume and our Schiff pitchfork this may turn out to be a false break
Let's see
NOT INVESTMENT ADVICE
G.R.I. Dec '21
Started last January with the massive Wallstreetbets spike. We made a cup from Jan - Aug. And then since August to December we made the handle. It is a cup and handle pattern one year in the making. Based on the fibs if we continue going up maybe 6.80 is the next resistance for the price. But overall still undervalued and is a good entry point currently.
Opportunity to go LONG on Nokia (NOK) stock.
Like and Comment will be hugely appreciated, thank you so much for your support.
See other ideas below too!
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