Nokia took a big hit after stating that they are starting an internal investigation on alcatel lucent which they have bought. Investors reacted pretty hard to this and the stock was diving more that -8% during that day. It of course could be that there will be some negative facts to be found and in the worst case even some fines to be had. So there...
Hey guys! Long time no see B)
OMXH25-index has fallen quite nice amount of points because of Nokia have had issues in US (some sketchy stuff) and OMXH have been going down for random reasons (not fundamentals). OMXH didn´t drop like it should have done in February so I personally think these 2 bear days so far are the result of January´s bull train. Take notice...
Good week everyone!
NOK opened on friday with a 4% big gap down just over the 200 daily sma and weekly 50ema, and so far rejected it.
Overall the stock is on a uptrend channel as we can see on right chart.
Now what really draw me attention is the huge volume on friday, way over average, is that just panic? someone was buying there right?
Now i'd not buy...
There's been a lot of positive news surrounding Nokia as of late, and the Megalodon just gave us the buy sign!
The Megalodon indicator uses an artificial intelligence, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes!
NYSE:NOK price is above MA200 and I pay attention if is approaching resistance zone .
Resistance zone it is a TA point of view and I can say it is psychological level as well and it is proved that can influence price direction depends of circumstances .
Nokia is coming with new phones and improved ones in 2019 plus new deals around the glob as we can find info around the net on financial news channels.
From a price point of view I think is a good buy for long time holding as investment plus has a good dividend .
The price is under SMA 200 on weekly chart.
Please feel free to comment with new ideas or critics...
Seems like in our current state Nokia is preparing for another touch of the upper line of the triangle.
This seems to be further supported by Hull Macd. If volume is weak we will move sideways and eventually test the lower border of the triangle.
Depending on the Q4 of the company we will either break up or down from the triangle. This will trigger hold or sell...
*Note - this is my first graph of not using chart patterns but just trying to fit stuff together to predict. Please take the prediction with a grain of salt.
The marked intersection point seems like the most likely point for a breakout with multiple conversions. Looking at the different paths, it should be possible to predict the future direction!
Starting to try a cash flow method on a low priced stock. NOK has earnings soon, so IV is pumped up here.
$6 put was trading for $.15 when I sold them, ~2.5% premium for $600 in stock over the course of 25 days. If I am assigned, I'll look to sell calls immediately again, hoping to get the stock called away and start the process over.
If I am stuck holding the...
NOKIA just hit the top of long term bearish trend channel, and is about to cross down short term bullish channel... RSI also topped....MACD just about to make bearish cross... And wave trend about to turn..... All indicating a BIG drop.
I expect a drop of 15% or more.